31 Aug 2017 17:16:00
Operating Result Half year Ending 30 Jun 2017
Operating result Ref : MFC PT. 52/2017 August 31, 2017 Director and Manager The Stock Exchange of Thailand Dear Sir, Re : Clarification for the change of Fund's performance over 20% MFC Asset Management Public Company Limited, as the Management Company of Multi-National Residence Fund ("the Fund"), would like to offer an explanation for the change of the Fund's performance for the six-month period ended 30 June 2017 over 20% from the same period last year as follow. For the six-month period ended 30 June 2017, the Fund had net loss from investments of Baht 0.83 million from a net loss on investments of Baht 159.08 million in the same period last year, or an increase of 99.48%. The main reason was due to the followings. - During the six-month period ended 30 June 2017 the Fund has adjusted the market of property, as a result, the Fund has recognized an unrealized loss on properties revaluation of Baht 4.25 million whereas in the same period year the Fund has recognized an unrealized loss of Baht 159.74 million. - The Fund has rental revenue of Baht 12.16 compared with Baht 12.46 million from the same period last year, or a decrease of 2.46%. - The Fund has total expenses of Baht 12.09 million, increasing from 11.81 million from the same period last year, representing a 2.38 % increase. -During the period, the Fund has sold a property which is a residential condominium of Danicha Gardens Condominium comprising of 8 residential units. The Fund has realized a gain on sale, net of related expenses, of Baht 3.35 million Kindly be advised accordingly. Yours faithfully, (Mr. Sommate Rungkakulnuwat) Senior Vice President Property and Infrastructure Fund Department Tel. 02-649-2183, 2173 ______________________________________________________________________ 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.