C.P. Tower Growth Leasehold Property Fund Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022 at 01:33 pm
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C.P. Tower Growth Leasehold Property Fund reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was THB 270.74 million compared to THB 239.18 million a year ago. Revenue was THB 274.8 million compared to THB 242.78 million a year ago. Net income was THB 86.58 million compared to THB 181.99 million a year ago.
For the six months, sales was THB 579.4 million compared to THB 523.47 million a year ago. Revenue was THB 590.06 million compared to THB 530.4 million a year ago. Net income was THB 109.77 million compared to THB 340.73 million a year ago.
C.P. Tower Growth Leasehold Property Fund (the Fund) is a Thailand-based specific closed-end property fund. The Fundâs objectives are to raise funds from general investors and to use the proceeds from such fundraising for the lease of and seeking benefit from those properties. The Fund will also improve, modify, develop and/or dispose of immovable properties the Fund invests in or acquires by way of letting, subletting and/or disposing or other processes, with the aim of generating income and returns for the Fund and its unitholders. This includes investment in other properties and/or securities and/or seeking interest by any other means. Its investments in leasehold rights to properties include C.P. Tower 1 (Silom), C.P. Tower 2 (Fortune Town) and C.P. Tower 3 (Phayathai). The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company).
C.P. TOWER GROWTH LEASEHOLD PROPERTY FUND 
