Talaad Thai Leasehold Property Fund Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 11:10 am
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Talaad Thai Leasehold Property Fund reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was THB 152.86 million compared to THB 142.52 million a year ago. Revenue was THB 155.47 million compared to THB 143.67 million a year ago. Net income was THB 59.06 million compared to THB 58.45 million a year ago.
For the six months, sales was THB 310.32 million compared to THB 290.02 million a year ago. Revenue was THB 315.06 million compared to THB 292.97 million a year ago. Net income was THB 117.92 million compared to THB 123.7 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 
