14 Aug 2018 18:29:00
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2018
Management Discussion and Analysis Company name : ERAWAN HOTEL GROWTH PROPERTY FUND Year : 2018 Quarter : Quarter 2 Ending : 30-Jun-2018 Note : JorTor. 11-610169 August 14, 2018 To: The President The Stock Exchange of Thailand Re: Clarification of the change 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 change in the net increase in net assets from operations for three months ended June 30, 2018 which increased in excess of 20%, compared to that of the same period in 2017. The Fund has the net increase in net assets from operations for three months ended June 30, 2018 amounted to Baht 16.72 million, compared to the net increase in net assets from operations of Baht 6.90 million for the same period in 2017, or an increase of Baht 9.82 million (142.14%) from that of the same period last year. This is mainly a result of a rental income totaled Baht 9.68 million (for three-month period ended June 30, 2018: Baht 18.13 million; three-month period ended June 30, 2017: Baht 8.45 million). An incremental in rental income stems mainly from the change in the accounting methodology of rental income in Q2 2017 because of the expiration of guaranteed rental income which was expired on Mar 31,2017. Please be informed accordingly. Yours faithfully, Erawan Hotel Growth Property Fund By SCB Asset Management Company Limited (Mrs.Tipaphan Puttarawigorm) Executive 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.