Quality Houses Leasehold Property Fund Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2018
May 15, 2018 at 06:09 am EDT
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Quality Houses Leasehold Property Fund announced unaudited earnings results for the quarter ended March 31, 2018. For the quarter, the company reported total income of THB 297,423,000 against THB 289,997,000 for the same period a year ago. Net investment income was THB 205,863,000 against THB 191,546,000 a year ago. Net increase in net assets resulting from operations was THB 205,848,000 or THB 0.26 per share against THB 191,539,000 or THB 0.24 per share a year ago. Net cash flows from operating activities was THB 103,313,000 against THB 114,119,000 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 
