Siri Prime Office Property Fund Announces Audited Earnings Results for the Year Ended December 31, 2016
February 27, 2017 at 01:46 pm EST
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Siri Prime Office Property Fund announced audited earnings results for the year ended December 31, 2016. For the year, the company reported total income of THB 159,245,715 against THB 160,245,556 a year ago. Net investment income was THB 103,436,923 against THB 112,365,871 a year ago. Net increase in net assets resulting from operations was THB 167,445,631 against THB 244,380,571 a year ago. Net cash flows from operating activities were THB 95,958,357 against THB 116,376,050 a year ago. Net asset value per unit was THB 11.6576 as at December 31, 2016.
Siri Prime Office Property Fund is a Thailand-based is a closed-end property fund. The Fund is principally engaged in the rental of immovable properties. The Fund's objective is to raise funds from general investors, both individuals and juristic persons, locally and internationally whereby the proceeds from such fundraising are used to purchase, lease and/or sub-lease immovable properties. The Fund shall also improve, modify, construct and/or develop immovable properties by taking the transfer of a construction permit and/or applying for other permits and/or executing any transactions necessary and advisable for immovable properties. The Fund's objective is to make an initial investment in Siripinyo Building, which is an office building for rent. SCB Asset Management Company Limited acts as the Company's Fund Manager.
SIRI PRIME OFFICE PROPERTY FUND 
