Siri Prime Office Property Fund Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016
May 12, 2016 at 01:53 pm
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Siri Prime Office Property Fund reported unaudited earnings results for the first quarter ended March 31, 2016. Net profit was THB 47,191,000 or THB 0.2776 per share compared to THB 44,121,000 or THB 0.2596 per share a year ago. Total Income was THB 39,967,000 compared to THB 38,367,000 a year ago. Net Investment Income was THB 27,399,000 compared to THB 27,093,000 a year ago. Net Cash Flows used in Operating Activities was THB 1,462,000 compared to THB 34,274,000 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 
