Talaad Thai Leasehold Property Fund Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 03:58 pm IST
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Talaad Thai Leasehold Property Fund announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was THB 133.326 million compared to THB 143.431 million a year ago. Net income was THB 59.218 million compared to THB 82.155 million a year ago. For the half year, total revenue was THB 286.610 million compared to THB 291.038 million a year ago. Net income was THB 147.169 million compared to THB 166.491 million a year ago.
Talaad Thai Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund. The Fundâs objective is to seek funds from general investors, using the proceeds of the sale of investment units to purchase and/or rent and provide benefits from those properties including to improve, alter, develop and/or dispose other assets in which the Fund invests or possesses whatsoever lease, sub-lease and/or sale or other process for the benefit of the property in order to create the revenue and return to the Fund and the unitholders. The Fund invests in some parts of leasehold properties in the Talaad Thai wholesale market. The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company). Citibank, N.A. serves as the trustee of the Fund. Thai Agro Exchange Company Limited acts as the property manager.
TALAAD THAI LEASEHOLD PROPERTY FUND 
