News Detail

Date/Time
14 May 2019 19:59:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2019
Symbol
MNIT
Source
MNIT
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                Management Discussion and Analysis

Company name                             : MFC-NICHADA THANI PROPERTY FUND
Year                                     : 2019
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2019
Note                                     :
Ref : MFC PT. 62/2019

May 14, 2019
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  
MFC-Nichada Thani Property Fund (MNIT) ("the Fund"), would like to offer an
explanation for the change of the Fund's performance for the 3-months period
ended 31 March 2019 over 20% from  the same period last year as follows;

For the 3-months period of 2019, the Fund had net profit from investments of 
Baht 1.99 million, increasing from Baht 0.82 million in the same period last
year, or an increase of 143.22% which was mainly due to higher income and lower
expense compared with the same period last year.

- For the 3-months period of 2019 the Fund's total revenue was Baht 5.32 million
compared with Baht 4.44 million from the same period last year, or an increase
of 19.87% which was due to the higher occupancy rate compared with the same
period last year.

- The Fund's expense was Baht 3.33 million, a decrease from Baht 3.62 million 
from the same period last year or a decrease of 7.95% mainly from a decrease of
repair and maintenance expense.




Kindly be advised accordingly.

Yours faithfully,



(Mr. Sommate Rungkakulnuwat)
Senior Vice President







Property and Infrastructure Fund Department
02-649-2175, 2173
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