Digital Telecommunications Infrastructure Fund Announces Audited Consolidated Earnings Results for the Full Year Ended December 31, 2020
March 01, 2021 at 07:28 am EST
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Digital Telecommunications Infrastructure Fund announced audited consolidated earnings results for the full year ended December 31, 2020. The fund had the net increase in net assets from operations for the year 2020 amounted to THB 13,424.03 million, compared to THB 18,910.36 million for the same period in 2019, or a decrease of THB 5,486.33 million (29.01%). This is mainly result of: The Fund completed its investment in the Telecom Infrastructure Assets for Additional Investment No. 4 on 28 August 2019 which the fund realized revenues and expenses in relation to these assets for 4 months in 2019 while in 2020 the fund realized full year revenue and expenses; The net unrealized gain on investment, which was a non-cash accounting item, decreased by THB 6,517.99 million (2020: THB 967.67 million, 2019: THB 7,485.75 million) from the previous year stemmed from changing in fair value of the telecom assets resulting from re-appraisal by the independent appraiser who adjusted some assumptions for valuation. EPS was THB 1.2626 compared to THB 1.7787 a year ago.
Digital Telecommunications Infrastructure Fund is a Thailand-based closed-end infrastructure fund. The Fund operates through investments in the telecommunications infrastructure business and securities segment. The Fund invests in telecommunication infrastructure assets such as telecommunication towers, fiber optic cable system, transmission equipment, broadband system and/or revenue incurred from the assets with coverage nationwide. Its infrastructure funds are invested in various businesses, such as Transportation system by rail or pipe, electricity, plumbing, road, expressway, or concession, telecommunications or information technology infrastructure and communication, alternative energy, waste management, airport or airfield, and water management system or irrigation. The Fund is managed by SCB Asset Management Company Limited.