Siri Prime Office Property Fund Announces Unaudited Earnings Results for the Quarter and Six Months Ended June 30, 2018
August 14, 2018 at 08:42 am EDT
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Siri Prime Office Property Fund announced unaudited earnings results for the quarter and six months ended June 30, 2018. For the quarter, the company reported net profit of THB 28,232,000 or THB 0.1661 per share compared to THB 32,674,000 or THB 0.1922 per share a year ago. Total income was THB 40,795,000 compared to THB 39,903,000 a year ago. Net Investment Income was THB 26,570,000 compared to THB 26,369,000 a year ago.
For the six months, the company reported net profit of THB 73,967,000 or THB 0.4351 per share compared to THB 80,934,000 or THB 0.4761 per share a year ago. Total income was THB 81,557,000 compared to THB 80,016,000 a year ago. Net Investment Income was THB 53,760,000 compared to THB 52,858,000 a year ago. Net Cash Flows from Operating Activities was THB 64,090,000 compared to THB 30,584,000 a year ago.
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 
