Siri Prime Office Property Fund Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2018
November 13, 2018 at 06:19 am EST
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Siri Prime Office Property Fund announced unaudited earnings results for the third quarter and nine months ended Sept. 30, 2018. For the quarter, net profit was THB 43,540,000 or THB 0.2561 per share against net profit of THB 28,375,000 or THB 0.1669 per share a year ago. Total income was THB 40,971,000, net investment income was THB 25,704,000 and total net gain on investment was THB 17,836,000 against total income of THB 40,189,000, net investment income of THB 26,174,000 and total net gain on investment of THB 2,201,000 for the same period a year ago.
For the nine months, net profit was THB 117,507,000 or THB 0.6912 per share against net profit of THB 109,309,000 or THB 0.643 per share a year ago. Total income was THB 122,528,000, net investment income was THB 79,464,000 and total net gain on investment was THB 38,043,000 against total income of THB 120,205,000, net investment income of THB 79,032,000 and total net gain on investment of THB 30,277,000 for the same period 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 
