23 Aug 2018 19:02:00
Management Discussion and Analysis Half year Ending 30 Jun 2018
Management Discussion and Analysis Company name : MULTI-NATIONAL RESIDENCE FUND Year : 2018 Quarter : Half year Ending : 30-Jun-2018 Note : Ref: MFC PT. 44/2018 August 23, 2018 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 2018 over 20% from the same period last year as follow. For the six-month period ended 30 June 2018, the Fund had net profit from investments of Baht 2.98 million from a net loss on investments of Baht 0.83 million in the same period last year, or an increase of 457.74%. The main reason was due to the followings. - The Fund has rental revenue of Baht 13.93 compared with Baht 12.16 million from the same period last year, or an increase of 14.57%. - The Fund has total expenses of Baht 10.94 million, decreasing from 12.09 million from the same period last year, representing a 9.53% decrease. - During the six-month period ended 30 June 2017 the Fund has adjusted the market value of property, as a result, the Fund has recognized an unrealized loss on properties revaluation of Baht 4.25 million. In addition, 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 whereas in the same period year 2018 there was no such transactions. Kindly be advised accordingly. Yours faithfully, (Mr. Sommate Rungkakulnuwat) Senior Vice President Property and Infrastructure Fund Department Tel. 02-649-2174, 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.