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Share Price Information for Myanmar Strat. (SHWE)

London Stock Exchange
Share Price: 10.25
Bid: 8.50
Ask: 12.00
Change: 0.00 (0.00%)
Spread: 3.50 (41.18%)
Open: 10.25
High: 10.25
Low: 10.25
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.

More News

Myanmar Strategic To Open Fourth Wall Street English Centre

(Alliance News) - Myanmar Strategic Holdings Ltd said on Friday said it is planning the opening of a fourth Wall Street English language centre in Myanmar.The new centre is expected to open

6 Sep 19 12:07

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29 Aug 19 15:59

Myanmar Strategic Opens First International School In Yangon

(Alliance News) - Myanmar Strategic Holdings Ltd said the Yangon American International School officially opened on Monday.The developer and manager of consumer businesses said the school a

19 Aug 19 10:01

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

30 Jul 19 13:40

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

1 Jul 19 13:44

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

19 Jun 19 11:38

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

18 Jun 19 13:39

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

18 Jun 19 12:38

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

17 May 19 14:20

Myanmar Strategic Education And Hospitality Divisions Perform Well

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

5 Sep 18 11:48

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29 Aug 18 16:14

Myanmar Strategic Annual Loss Narrows On Higher Education Revenue

LONDON (Alliance News) - Myanmar Strategic Holdings Ltd on Thursday said its loss narrowed in its recently ended financial year helped by reduced expenses and strong performance in its Education a

26 Jul 18 13:07

Myanmar Strategic Raises USD3 Million Through Share Subscription (ALLISS)

LONDON (Alliance News) - Myanmar Strategic Holdings Ltd said Thursday it has raised USD3.1 million through a subscription issue of 153,500 shares at a price of USD20 per share.Shares in the

31 May 18 12:20

Myanmar Strategic Buys Security Services Exera For USD2.2 Million

LONDON (Alliance News) - Myanmar Strategic Holdings Ltd on Tuesday said its subsidiary Myanmar Strategic Services Pte Ltd purchased security services providers Exera Myanmar Ltd and Exera Journey

29 May 18 10:22

Myanmar Strategic Makes USD150,000 Investment In Digital Firm NEXLABS

LONDON (Alliance News) - Myanmar Strategic Holdings Ltd said Monday it invested USD150,000 in digital consulting firm NEXLABS.NEXLABS was founded in Yangon in Myanmar in 2013 and has 80 Its

21 May 18 13:31
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