Digital Telecommunications Infrastructure Fund Reports Audited Earnings Results for the Year Ended of December 31, 2016
February 28, 2017 at 12:45 am IST
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Digital Telecommunications Infrastructure Fund reported audited earnings results for the year ended of December 31, 2016. For the period, the company reported total income of THB 6,390,975,275 compared to THB 5,900,727,300 a year ago. Net investment income was THB 5,370,072,157 compared to THB 5,048,337,068 a year ago. Total net gain from investments was THB 13,496,998,493 compared to loss of THB 190,396,800 a year ago. Increase in net assets from operations was THB 18,867,070,650 compared to THB 4,857,940,268 a year ago. Net cash flows generated from operating activities was THB 5,540,019,807 compared to net cash used in operating activities THB 6,948,443,695 a year ago.
Digital Telecommunications Infrastructure Fund is a Thailand-based closed-end infrastructure fund. The Fund operates through investments in the telecommunications infrastructure business and securities segment. The Fund invests in telecommunication infrastructure assets such as telecommunication towers, fiber optic cable system, transmission equipment, broadband system and/or revenue incurred from the assets with coverage nationwide. Its infrastructure funds are invested in various businesses, such as Transportation system by rail or pipe, electricity, plumbing, road, expressway, or concession, telecommunications or information technology infrastructure and communication, alternative energy, waste management, airport or airfield, and water management system or irrigation. The Fund is managed by SCB Asset Management Company Limited.