News Detail

Date/Time
13 May 2019 18:10:00
Headline
Operating Result Quarter 3 Ending 31 Mar 2019
Symbol
LUXF
Source
LUXF
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                Operating result

TT/IM 183/2019
                            13 May 2019

RE:    Clarification the changing of Net Profit (Loss) in Profit and loss statement
 exceeding than 20% in compare to same period of previous year
Attn:    President
    The Stock Exchange of Thailand
    Luxury Real Estate Investment Fund (LUXF) would like to clarify the changing of
Net Profit (Loss) in profit and loss statement that exceeded than 20% in
compare to the same period of previous year.
    In comparison, the financial statement for the period of 3 month ending March 
31st 2019 of the Fund showed that the decreasing in net asset from operation
total of THB 0.682 million which decreased Baht 36.794 million from the same
period in 2018.  In comparison, the financial statement for the period of 9
month ending March
31st 2019 of the Fund showed an increasing in net asset from operation total of 
THB 31.584 million
which decreased THB 37.339 million from the same period in 2018.
    The main factor of such change is from the difference in unrealized gain (loss)
on investment which was resulted from LUXF fund has changed period of annual
asset valuation from the month of February to the month of June so the valuation
period will be synced with fund account period. LUXF fund began to change this
valuation in June 2018. As a result, the fund did not record any changes of
asset valuation for the period of March 2019 when compare to the same period
last year. In addition, the fund also invested in the asset renovation and asset
 enhancement program of THB 18.859 million in the period ending March 2019.
    LUXF, therefore, recorded unrealized loss of THB 0.682 million in the financial
statement for the period of 3 month ending March 31st 2019.  In addition, LUXF
recorded unrealized gain of THB 31.584 million in the unrealized gain on
investment in the financial statement for the period of 9 month ending March
31st 2019.
This resulted to the changing in net asset resulting from operations exceeding 
than 20% from the same period
of previous year.
Please notify accordingly


Regards


Phiphat Phisanuwongrak
Authorized Signatory
______________________________________________________________________
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