Siri Prime Office Property Fund Announces Unaudited Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016
November 12, 2016 at 12:01 am IST
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Siri Prime Office Property Fund announced unaudited earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported total income of THB 39,922,000, net investment income of THB 25,936,000, total net gain on investments of THB 20,603,000, compared to the total income of THB 39,155,000, net investment income of THB 27,074,000, total net gain on investments of THB 20,623,000, for the same quarter a year ago.
For the year to date, the company reported total income of THB 119,671,000, net investment income of THB 79,104,000, total net gain on investments of THB 40,896,000, net cash flows used in operating activities of THB 62,160,000 compared to the total income of THB 120,569,000, net investment income of THB 85,004,000, total net gain on investments of THB 118,804,000, net cash flows used in operating activities of THB 78,082,000 for the same period a year ago.
Siri Prime Office Property Fund is a Thailand-based closed-end property fund. The Fund is principally engaged in the rental of immovable properties. The Fund's objective is to raise funds from general investors whereby the proceeds from such fundraising are used to purchase, lease and/or sub-lease immovable properties. The Fund shall also improve, modify, construct and/or develop immovable properties by taking the transfer of a construction permit and/or applying for other permits and/or executing any transactions necessary and advisable for immovable properties, with the aim of generating income and returns to the Fund and its unitholders, and invest in other properties and/or securities and/or seeking interest in any other means as prescribed by securities law and/or other relevant laws. The Fund's objective is to make an initial investment in the Siripinyo Building, which is an office building for rent. SCB Asset Management Company Limited acts as the Company's Fund Manager.
SIRI PRIME OFFICE PROPERTY FUND 
