Siri Prime Office Property Fund Reports Reviewed Earnings Results for the Third Quarter and Nine Months Ended September 30, 2020
November 13, 2020 at 05:40 am EST
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Siri Prime Office Property Fund reported reviewed earnings results for the third quarter and nine months ended September 30, 2020. For the quarter, the company reported total income of THB 17,979,000 against THB 39,552,000 a year ago. Net investment income was THB 10,568,000 against THB 25,373,000 a year ago. Total net gain on investments was THB 28,653,000 against THB 13,985,000 a year ago. Profit attributable to equity holders was THB 39,221,000 or THB 0.2307 per share against profit attributable to equity holders was THB 39,358,000 or THB 0.2315 per share reported a year ago.
For the nine months, the company reported total income of THB 73,427,000 against THB 120,816,000 a year ago. Net investment income was THB 44,360,000 against THB 72,680,000 a year ago. Net investment income was THB 44,360,000 against THB 72,680,000 a year ago. Total net losses on investments was THB 82,902,000 against profit of THB 75,826,000 a year ago. Loss attributable to equity holders was THB 38,542,000 or THB 0.2267 per share against profit attributable to equity holders was THB 148,506,000 or THB 0.8736 per share reported a year ago.
Siri Prime Office Property Fund is a Thailand-based is a closed-end property fund. The Fund is principally engaged in the rental of immovable properties. The Fund's objective is to raise funds from general investors, both individuals and juristic persons, locally and internationally whereby the proceeds from such fundraising are used to purchase, lease and/or sub-lease immovable properties. The Fund shall also improve, modify, construct and/or develop immovable properties by taking the transfer of a construction permit and/or applying for other permits and/or executing any transactions necessary and advisable for immovable properties. The Fund's objective is to make an initial investment in Siripinyo Building, which is an office building for rent. SCB Asset Management Company Limited acts as the Company's Fund Manager.
SIRI PRIME OFFICE PROPERTY FUND 
