LH Shopping Centers Leasehold Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 06:45 pm IST
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LH Shopping Centers Leasehold Real Estate Investment Trust reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was THB 220.64 million compared to THB 52.35 million a year ago. Revenue was THB 221.14 million compared to THB 53.05 million a year ago. Net income was THB 1.95 million compared to net loss of THB 141.79 million a year ago.
For the nine months, sales was THB 537.1 million compared to THB 259.33 million a year ago. Revenue was THB 539.53 million compared to THB 263.06 million a year ago. Net income was THB 136.21 million compared to net loss of THB 70.91 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 
