12 May 2016 17:40:00
Clarification on the Change of Operational Performance Exceeding 20%
Operating result Land and Houses Fund Management Co.,Ltd. as the management company of Quality Houses Hotel and Residence Freehold and Leasehold Property Fund ("QHHR") would like to inform the clarification of the audited financial operation results for the income statements for the three-month period ended 31 march 2016 which exceeded 20% from the same period last year as following: For the three-month period ended 31 march 2016 QHHR's net assets resulting from operations decreased by Baht 4,147.030 million compared to the same period last year amounted to Baht 3,584.842 million, a increase of 16%, mainly due to the followings. 1. QHHR recorded rental and services income of Baht 70.687 million, compared with Baht 66.604 million recorded in the same period last year, a increase of Baht 4.083 million or 6%. 2. QHHR recorded total expenses of Baht 4.757 million, compared with Baht 4.449 million recorded in the same period last year, a increase of Baht 45.228 million or 7%. 3. QHHR has unrealized gains on investment revaluation from independent appraisers when March 25,2016 by income approach method of Baht 600.00 million, compared with the same period last year that had net unrealized gains on investments revaluation of Baht 7.00 Million, a increase of Baht 593.00 million or 8,470%. The result of better situation in tourism and the adjustment in marketing strategy by expanding target base customers improved operating performance of all three sites. Please kindly be informed accordingly ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.