Prime Office Leasehold Property Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 03:46 pm IST
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Prime Office Leasehold Property Fund reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was THB 235.48 million compared to THB 217.03 million a year ago. Revenue was THB 239 million compared to THB 218.79 million a year ago. Net income was THB 125.83 million compared to THB 112.54 million a year ago.
For the nine months, sales was THB 705.52 million compared to THB 670.85 million a year ago. Revenue was THB 715.81 million compared to THB 679.6 million a year ago. Net income was THB 311.9 million compared to THB 253.73 million a year ago.
Prime Office Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund. The purpose of the Fund is to raise funds from unitholders to invest in properties and leasehold rights and utilize them for commercial benefit with indefinite expiration date. The Fund has invested in leasehold properties by purchasing and/or leasing land, buildings, equipment and utility systems of Ploenchit Center Building and UBC II Building. It also invests in Bangna Tower Project for the leasehold rights in land, certain parts of buildings and building systems for approximately 30 years, sub-leasehold rights of certain parts of land for approximately seven years and ownership in movable properties. The Fundâs management company is SCB Asset Management Company Limited. Its mutual fund supervisor is KASIKORNBANK Public Company Limited. Its property managers include Erawan Commercial Management Company Limited, Bhiraj Management Company Limited and Teo Hong Silom Company Limited.
PRIME OFFICE LEASEHOLD PROPERTY FUND 
