Prime Office Leasehold Property Fund Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 07:37 am
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Prime Office Leasehold Property Fund reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was THB 230.46 million compared to THB 238.91 million a year ago. Revenue was THB 235.5 million compared to THB 241.48 million a year ago. Net loss was THB 74.95 million compared to net income of THB 89.47 million a year ago.
For the six months, sales was THB 462.03 million compared to THB 470.04 million a year ago. Revenue was THB 471.14 million compared to THB 476.81 million a year ago. Net income was THB 58.18 million compared to THB 186.07 million a year ago.
Prime Office Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund. The purpose of the Fund is to raise funds from unitholders to invest in properties and leasehold rights and utilize them for commercial benefit with indefinite expiration date. The Fund has invested in leasehold properties by purchasing and/or leasing land, buildings, equipment and utility systems of Ploenchit Center Building and UBC II Building. It also invests in Bangna Tower Project for the leasehold rights in land, certain parts of buildings and building systems for approximately 30 years, sub-leasehold rights of certain parts of land for approximately seven years and ownership in movable properties. The Fundâs management company is SCB Asset Management Company Limited. Its mutual fund supervisor is KASIKORNBANK Public Company Limited. Its property managers include Erawan Commercial Management Company Limited, Bhiraj Management Company Limited and Teo Hong Silom Company Limited.
PRIME OFFICE LEASEHOLD PROPERTY FUND 
