13 Nov 2018 17:11:00
Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
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. 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.