Siri Prime Office Property Fund Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 11, 2017 at 09:12 am EDT
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Siri Prime Office Property Fund announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net profit of THB 32,674,000 against THB 26,270,000 a year ago. Earnings per share were THB 0.1922 against THB 0.1545 a year ago. Rental and service income was THB 39,824,000 against THB 39,643,000 a year ago. Net investment income was THB 26,369,000 against THB 25,769,000 a year ago.
For the six months, the company reported net profit of THB 80,934,000 against THB 73,461,000 a year ago. Earnings per share were THB 0.4761 against THB 0.4321 a year ago. Rental and service income was THB 79,734,000 against THB 79,462,000 a year ago. Net investment income was THB 52,858,000 against THB 53,168,000 a year ago. Net cash flows from operating activities were THB 30,584,000 against THB 28,351,000 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 
