C.P. Tower Growth Leasehold Property Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 12:31 am EST
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C.P. Tower Growth Leasehold Property Fund reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was THB 333.76 million compared to THB 284.35 million a year ago. Revenue was THB 338.03 million compared to THB 287.56 million a year ago. Net income was THB 137.37 million compared to THB 197.67 million a year ago.
For the nine months, sales was THB 960.6 million compared to THB 863.75 million a year ago. Revenue was THB 971.54 million compared to THB 877.62 million a year ago. Net income was THB 106.67 million compared to THB 307.44 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 
