Land and Houses Freehold and Leasehold Property Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 07:01 am EST
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Land and Houses Freehold and 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 76.69 million compared to THB 69.76 million a year ago. Revenue was THB 78.34 million compared to THB 70.66 million a year ago. Net income was THB 25.14 million compared to THB 29.17 million a year ago.
For the nine months, sales was THB 233.71 million compared to THB 192.59 million a year ago. Revenue was THB 237.81 million compared to THB 197.11 million a year ago. Net income was THB 118.34 million compared to THB 172.06 million a year ago.
Land and Houses Freehold and Leasehold Property Fund (the Fund) is a Thailand-based closed-end specific property fund. The Fund is principally engaged in the rental of immovable properties. Its objective is to raise funds from the general investors for utilizing the proceeds to purchase and/or lease immovable properties and/or accept the transfer of leasehold rights to immovable properties and/or the transfer of sub-leasehold rights to immovable properties, and to seek benefit from such immovable properties, whether in the form of granting of leases, sub-leases and/or any other form for the benefit of the properties invested in or possessed by the Fund. It improves, changes, develops and/or disposes of the properties for the purpose of generating income and returns for the Fund and the unitholders, including investment in other properties and/or other securities and/or seeking other gains by any other means. The Fund is managed by Land and Houses Fund Management Company Limited.