C.P. Tower Growth Leasehold Property Fund Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 06:45 am EDT
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C.P. Tower Growth Leasehold Property Fund announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was THB 242.783 million compared to THB 234.957 million a year ago. Net income was THB 181.985 million compared to net loss of THB 29.221 million a year ago. For the half year, total revenue was THB 530.395 million compared to THB 560.248 million a year ago. Net income was THB 340.729 million compared to THB 185.424 million a year ago.
C.P. Tower Growth Leasehold Property Fund (the Fund) is a Thailand-based specific closed-end property fund. The Fundâs objectives are to raise funds from general investors and to use the proceeds from such fundraising for the lease of and seeking benefit from those properties. The Fund will also improve, modify, develop and/or dispose of immovable properties the Fund invests in or acquires by way of letting, subletting and/or disposing or other processes, with the aim of generating income and returns for the Fund and its unitholders. This includes investment in other properties and/or securities and/or seeking interest by any other means. Its investments in leasehold rights to properties include C.P. Tower 1 (Silom), C.P. Tower 2 (Fortune Town) and C.P. Tower 3 (Phayathai). The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company).
C.P. TOWER GROWTH LEASEHOLD PROPERTY FUND 