Talaad Thai Leasehold Property Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 10, 2021 at 07:01 am
Share
Talaad Thai Leasehold Property Fund reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was THB 103.96 million compared to THB 148.15 million a year ago. Revenue was THB 106.79 million compared to THB 150.43 million a year ago. Net income was THB 91.15 million compared to THB 29.4 million a year ago.
For the nine months, sales was THB 399.31 million compared to THB 429.04 million a year ago. Revenue was THB 406.56 million compared to THB 437.05 million a year ago. Net income was THB 228.76 million compared to THB 176.57 million a year ago.
Talaad Thai Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund. The Fundâs objective is to seek funds from general investors, using the proceeds of the sale of investment units to purchase and/or rent and provide benefits from those properties including to improve, alter, develop and/or dispose other assets in which the Fund invests or possesses whatsoever lease, sub-lease and/or sale or other process for the benefit of the property in order to create the revenue and return to the Fund and the unitholders. The Fund invests in some parts of leasehold properties in the Talaad Thai wholesale market. The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company). Citibank, N.A. serves as the trustee of the Fund. Thai Agro Exchange Company Limited acts as the property manager.