15 May 2019 12:50:00
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2019
Management Discussion and Analysis Company name : MILLIONAIRE PROPERTY FUND Year : 2019 Quarter : Quarter 1 Ending : 31-Mar-2019 Note : PT. 058/2019 15 May 2019 Re: Clarification of more than 20% Change of Operations Result of Millionaire Property Fund To: President The Stock Exchange of Thailand One Asset Management Limited in its capacity as the fund manager of Millionaire Property Fund (the Fund) would like to inform the reasons for the change of operations result for the three month period ended 31 March 2019 where the increase in net assets resulting from operations was Baht 38.95 million, representing a decrease of Baht 13.76 million or 26.11% from the same quarter in 2018 while the increase in net assets resulting from operations from the same quarter in 2018 was Baht 52.71 million. The main reason was that the Fund's decrease in investment income resulting from declining service income of Baht 5.36 million and increase in cost of rental and services of Baht 8.68 million resulting from cooling system improvement of the Fund's main asset. Please be informed accordingly Sincerely yours, Mr. Alongkorn Prathanrasnikorn Senior Executive Vice President Property and Infrastructure Fund Department Tel: 02 659 8888 ext.8843, 8837 and 8878 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.