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Pin to quick picksMyanmar Strat. Share News (SHWE)

Share Price Information for Myanmar Strat. (SHWE)

London Stock Exchange
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Share Price: 10.25
Bid: 8.50
Ask: 12.00
Change: 0.00 (0.00%)
Spread: 3.50 (41.18%)
Open: 10.50
High: 10.50
Low: 8.50
Yest. Close: 10.25
SHWE Live PriceLast checked at -

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Myanmar Strategic Annual Revenue Jumps After EXERA Buy But Loss Widens

Tue, 30th Jul 2019 13:40

(Alliance News) - Myanmar Strategic Holdings Ltd on Tuesday said its revenue multiplied in its most recently ended financial year, but loss widened amid higher costs.

The guarding, protective, transportation, and training services provider said its loss widened in the year to the end of March to USD2.6 million from USD2.1 million reported a year prior, due to an increase in expenses to USD2.9 million from USD1.5 million.

Myanmar also noted that its employee benefit costs grew to USD3.9 million from USD1.2 million the year prior.

More positively, the company said its revenue jumped to USD4.4 million from just USD791,870 reported a year earlier, thanks to the acquisition of EXERA in May 2018. EXERA, which provides integrated security and risk management services, was purchased for USD2.2 million.

"I am very pleased to announce the company's full year results, which represent a truly transformational period of growth for the overall business," said Chief Executive Enrico Cesenni.

"The board is confident that the company's consumer-focused businesses are well positioned both to contribute to, and also benefit from, the favourable outlook for economic growth in Myanmar, and we look forward to updating shareholders on our progress in due course," added Cesenni.

Myanmar Strategic shares were untraded on Tuesday in London, last closing at USD10.25 each.

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Myanmar Strategic Opens First International School In Yangon

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Myanmar Strategic Annual Revenue Jumps After EXERA Buy But Loss Widens

(Alliance News) - Myanmar Strategic Holdings Ltd on Tuesday said its revenue multiplied in its most recently ended financial year, but loss widened amid higher costs.The guarding, and said

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Myanmar Strategic To Issue New Shares; Secures USD3 Million Loan

(Alliance News) - Myanmar Strategic Holdings Ltd on Monday said it will launch a new share issuance programme to fund working capital and should the company require new capital for new investment

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Myanmar Investments Shareholders Back Bid Rejection Decision

(Alliance News) - Myanmar Investments International Ltd on Wednesday said shareholders have supported the company's decision to reject Myanmar Strategic Holdings Ltd's merger investment in

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UPDATE: Myanmar Investments Rejects Offer From Fellow Myanmar Firm

(Alliance News) - Myanmar Investments International Ltd on Tuesday confirmed it has rejected a merger proposal from Myanmar Strategic Holdings Ltd and said that it will not enter into negotiations

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Myanmar Strategic Seeks To Buy Fellow Myanmar Focused Investment Firm

(Alliance News) - Myanmar Strategic Holdings Ltd on Tuesday said it recently made a cash and share offer worth 75 US cents per share to Myanmar Investments International Ltd, but the investment to

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Myanmar Strategic Wins Security Services Pact For Singapore Embassy

LONDON (Alliance News) - Myanmar Strategic Holdings PLC said Friday it has been awarded a contract for providing security guarding services for the Singapore Embassy in Yangon, Strategic is a and

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LONDON (Alliance News) - Myanmar Strategic Holdings Ltd said Wednesday that its two core divisions, Education and Hospitality, have performed well over the course of the past year.In his to

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