News Detail

Date/Time
13 Nov 2018 17:11:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
Symbol
MNRF
Source
MNRF
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                Management Discussion and Analysis

Company name                             : MULTI-NATIONAL RESIDENCE FUND
Year                                     : 2018
Quarter                                  : Quarter 3
Ending                                   : 30-Sep-2018
Note                                     :
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 quarter 3 ended 30 September 2018
over 20% from the same period last year as follow.

For quarter 3 ended 30 September 2018, the Fund had net profit from investments 
of Baht 0.98 million from a net loss on investments of Baht 0.26 million in the
same period last year, or an increase of 480.54%. The main reason was due to the
 decrease in expenses.

- The Fund has rental revenue of Baht 7.17 compared with Baht 6.99 million from 
the same period last year, or an increase of 2.55%.

- The Fund has total expenses of Baht 6.20 million, decreasing from 7.25 million
from the same period last year, representing a 14.45% decrease. Some expenses
decreased during the period such as amortization of setup fee and repair and
maintenance expense.

- During the nine-month period ended 30 September 2018, the Fund had net profit 
from investments of Baht 3.96 million from a net loss on investments of Baht
1.09 million in the same period last year, or an increase of 463.45%. The Fund
has rental revenue of Baht 21.10 million compared with Baht 19.15 million from
the same period last year, or an increase of 10.18% due from a slightly increase
 in tenants .

- The Fund has total expenses of Baht 17.14 million, decreasing from 19.34 
million from the same period last year, representing a 11.37% decrease due
mainly from a decrease in some expenses as mentioned above.
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