Quality Houses Leasehold Property Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 06:06 am EST
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Quality Houses Leasehold Property Fund reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was THB 253.45 million compared to THB 289.08 million a year ago. Revenue was THB 256.93 million compared to THB 293.25 million a year ago. Net income was THB 171.83 million compared to THB 210.3 million a year ago.
For the nine months, sales was THB 802.23 million compared to THB 880.57 million a year ago. Revenue was THB 811.94 million compared to THB 896.01 million a year ago. Net income was THB 493.03 million compared to THB 477.15 million a year ago.
Quality Houses Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund and a specific property fund. The primary objective of the Fundâs capital management is to maintain an appropriate capital structure in order to provide returns for unitholders in accordance with the Fundâs establishment objective. The Fund operates through a single segment, namely the rental of immovable properties. Its portfolio includes the Q House Ploenjit Building, Q House Lumpini Building, and Wave Place Building. The Fund is managed by Land and Houses Fund Management Company Limited (the Management Company), and its trustee is Kasikorn Bank Public Company Limited. The property managers of the Fund are Q.H. International Company Limited, which manages Q. House Lumpini project, and Quality Houses Public Company Limited, which manages Q. House Ploenchit project and Wave Place project.
QUALITY HOUSES LEASEHOLD PROPERTY FUND 
