Prime Office Leasehold Property Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 11:23 am
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Prime Office Leasehold Property Fund reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was THB 217.03 million compared to THB 248.16 million a year ago. Revenue was THB 218.79 million compared to THB 254.08 million a year ago. Net income was THB 112.54 million compared to THB 138.92 million a year ago.
For the nine months, sales was THB 670.85 million compared to THB 739.16 million a year ago. Revenue was THB 679.6 million compared to THB 748.91 million a year ago. Net income was THB 253.73 million compared to THB 458.97 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 
