Siri Prime Office Property Fund Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 11, 2016 at 02:30 pm
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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 rental and service income of THB 39.643 million against THB 39.117 million a year ago. Total income was THB 39.782 million against THB 43.047 million a year ago. Net investment income was THB 25.769 million against THB 30.837 million a year ago. Increase in net assets resulting from operations was THB 26.270 million against THB 111.990 million a year ago. Earnings per share were THB 0.1545 against THB 0.6588 a year ago.
For the six months, the company reported rental and service income of THB 79.462 million against THB 77.311 million a year ago. Total income was THB 79.749 million against THB 81.414 million a year ago. Net investment income was THB 53.168 million against THB 57.930 million a year ago. Increase in net assets resulting from operations was THB 73.461 million against THB 156.111 million a year ago. Earnings per share were THB 0.4321 against THB 0.9183 a year ago. Net cash flows used in operating activities were THB 28.351 million against THB 55.009 million a year ago. Net asset value per unit was THB 11.3948 as on June 30, 2016, compared to THB 11.2527 as on December 31, 2015.
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 
