LH Shopping Centers Leasehold Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 07:31 pm IST
Share
LH Shopping Centers Leasehold Real Estate Investment Trust reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was THB 52.35 million compared to THB 141.55 million a year ago. Revenue was THB 53.05 million compared to THB 144.37 million a year ago. Net loss was THB 141.79 million compared to net income of THB 101.19 million a year ago.
For the nine months, sales was THB 259.33 million compared to THB 507.02 million a year ago. Revenue was THB 263.06 million compared to THB 514.94 million a year ago. Net loss was THB 70.91 million compared to net income of THB 124.13 million a year ago.
LH Shopping Centers Leasehold Real Estate Investment Trust is a Thailand-based closed-end real estate investment trust. The Trustâs objectives is to raise funds from general investors and to use the proceeds from such fundraising for purchase and/or lease and/or sub-lease and/or take the transfer of leasehold rights and/or the transfer of sub-leasehold rights to immovable properties, and seek benefits from those properties, whether in the form of improving, changing, developing and/or disposing of the properties for the purpose of generating income and returns for the Trust and its unitholders. The Trust is principally engaged in the rental of immovable properties. The Trust focused on investment on securities and properties, such as Project Terminal 21 Shopping Center. The Trust is managed by Land and Houses Fund Management Company Limited (the Manager), SCB Asset Management Company Limited acts as the Trustee and L&H Retail Management Company Limited acts as the Property Manager.
LH SHOPPING CENTERS LEASEHOLD REAL ESTATE INVESTMENT TRUST 
