C.P. Tower Growth Leasehold Property Fund Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 06:21 am EDT
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C.P. Tower Growth Leasehold Property Fund reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was THB 318.67 million compared to THB 270.74 million a year ago. Revenue was THB 322.03 million compared to THB 274.8 million a year ago. Net loss was THB 40.07 million compared to net income of THB 86.58 million a year ago.
For the six months, sales was THB 626.83 million compared to THB 579.4 million a year ago. Revenue was THB 633.51 million compared to THB 590.06 million a year ago. Net loss was THB 30.7 million compared to net income of THB 109.77 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 
