13 May 2016 18:05:00
Management Discussion and Analysis Quarter 1 Ending 31-Mar-2016
Management Discussion and Analysis Company name : ERAWAN HOTEL GROWTH PROPERTY FUND Year : 2016 Quarter : Quarter 1 Ending : 31-Mar-2016 Note : JorTor. 11-590213 May 13, 2016 To: The President The Stock Exchange of Thailand Re: Clarification of the change in the net increase in net assets from operations in excess of 20% of Erawan Hotel Growth Property Fund (ERWPF) SCB Asset Management Co., Ltd., the Management Company of Erawan Hotel Growth Property Fund ("The Fund"), would like to clarify the net increase in net assets from operations for the first quarter of 2016 (3-month period from January 1,2016 to March 31,2016) which increased in excess of 20% comparing to the same period of 2015. The Fund has the net increase in net assets from operations of Baht 40.46 million as of March 31, 2016 or an increase of Baht 14.21 million (54.14%) from the same period last year. It is a result of an increase in net unrealized gain from investment of Baht 14.4 million compared to the same quarter last year when there was no investment appraisal. As a result, the net increase in net assets from operations as of March 31, 2016 has increased in excess of 20% when compared to the same period last year. Please be informed accordingly. Yours faithfully, Erawan Hotel Growth Property Fund By SCB Asset Management Company Limited (Ms. Pijittra Trirattanathada) Senior Vice President, Property and Infrastructure Investment Group 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.