News Detail

Date/Time
31 Aug 2017 17:16:00
Headline
Operating Result Half year Ending 30 Jun 2017
Symbol
MNRF
Source
MNRF
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                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
______________________________________________________________________
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