Siri Prime Office Property Fund Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended September 30, 2017
November 14, 2017 at 05:58 am
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Siri Prime Office Property Fund announced unaudited earnings results for third quarter and nine months ended September 30, 2017. For the quarter, the company reported total income of THB 40,189,000, net investment income of THB 26,174,000, total net gain on investments of THB 26,174,000, compared to the total income of THB 39,922,000, net investment income of THB 25,936,000, total net gain on investments of THB 20,603,000, for the same quarter a year ago. earnings per share was THB 0.1669 per share compared to THB 0.2738 per share a year ago.
For the year to date, the company reported total income of THB 120,205,000, net investment income of THB 79,032,000, total net gain on investments of THB 30,277,000, net cash flows used in operating activities of THB 64,249,000 compared to the total income of THB 119,671,000, net investment income of THB 79,104,000, total net gain on investments of THB 40,896,000, net cash flows used in operating activities of THB 62,160,000 for the same period a year ago. earnings per share was THB 0.643 per share compared to THB 0.7058 per share 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 
