Quality Houses Leasehold Property Fund Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended 30 September 2018
November 14, 2018 at 05:11 am EST
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Quality Houses Leasehold Property Fund reported unaudited earnings results for the third quarter and nine months ended 30 September 2018. For the quarter, the company reported net profit was THB 204,378,000 or THB 0.2564 per share compared to THB 191,794,000 or THB 0.2406 per share a year ago. Total income of THB 305,145,000 against THB 292,914,000 a year ago. Rental and services income was THB 300,742,000 against THB 288,805,000 a year ago. Net investment income was THB 204,352,000 against THB 191,786,000 a year ago. Total realized and unrealized gains on investments were THB 26,000 against THB 8,000 a year ago. Net increase in net assets resulting from operations was THB 204,378,000 against THB 191,794,000 a year ago.
For the nine months, the company reported net profit was THB 611,073,000 or THB 0.7667 per share compared to THB 574,711,000 or THB 0.7211 per share a year ago. Rental and services income of THB 889,328,000 against THB 861,585,000 a year ago. Total income was THB 901,917,000 against THB 873,806,000 a year ago. Net investment income was THB 611,086,000 against THB 574,645,000 a year ago. Total realized and unrealized losses on investments were THB 13,000 against gains of THB 66,000 a year ago. Net increase in net assets resulting from operations was THB 611,073,000 against THB 574,711,000 a year ago.
Quality Houses Leasehold Property Fund (the Fund) is a Thailand-based closed-end property fund and a specific property fund. The primary objective of the Fundâs capital management is to maintain an appropriate capital structure in order to provide returns for unitholders in accordance with the Fundâs establishment objective. The Fund operates through a single segment, namely the rental of immovable properties. Its portfolio includes the Q House Ploenjit Building, Q House Lumpini Building, and Wave Place Building. The Fund is managed by Land and Houses Fund Management Company Limited (the Management Company), and its trustee is Kasikorn Bank Public Company Limited. The property managers of the Fund are Q.H. International Company Limited, which manages Q. House Lumpini project, and Quality Houses Public Company Limited, which manages Q. House Ploenchit project and Wave Place project.
QUALITY HOUSES LEASEHOLD PROPERTY FUND 
