14 Aug 2019 12:31:00
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2019
Management Discussion and Analysis Company name : MFC-NICHADA THANI PROPERTY FUND Year : 2019 Quarter : Quarter 2 Ending : 30-Jun-2019 Note : Ref: MFC PT 80/2019 August 13, 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 quarter 2 ended 30 June 2019 over 20% from the same period last year as follows; For quarter 2 ended 30 June 2019, the Fund had net loss from investments of Baht 14.41 million, decreasing from net gain from investments Baht 0.12 million in the same period last year, or a decrease of 12,518.10% which was mainly due to the followings; - For the period of 2019 the Fund's total revenue was Baht 5.62 million compared with Baht 5.96 million from the same period last year, or a decrease of 5.75% which was due to the lower rental rate compared with the same period last year from the higher competition. - The Fund's expense was Baht 4.12 million, an increase from Baht 3.34 million from the same period last year or an increase of 23.45% mainly from a higher expenses such as repair and maintenance and property tax. Kindly be advised accordingly. Yours faithfully, (Ms. Natree Panassutrakorn) Executive Vice President Property and Infrastructure Fund Department 02-649-2175 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.