News Detail

Date/Time
15 May 2020 12:39:00
Headline
Clarification the changing of Net Profit(Loss)in Profit and loss statement exceeding than 20%
Symbol
LUXF
Source
LUXF
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                Management Discussion and Analysis

Company name                             : LUXURY REAL ESTATE INVESTMENT FUND
Year                                     : 2020
Quarter                                  : Quarter 3
Ending                                   : 31-Mar-2020
Note                                     :

TT/IM 122/2020
                            15 May 2020

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 2020 of the Fund showed  an increasing in net asset from operation total of
THB 13.382 million which increased Baht 14.064 million from the same period in
2019.  In comparison, the financial statement for the period of 9 month ending
March 31st 2020 the Fund showed an increasing in net asset from operation, total
 of THB 24.787 million
which decreased THB 6.797 million from the same period in 2019.
The main factor of such change is resulted from LUXF fund had invested in the 
asset renovation and asset enhancement program of THB 18.859 million for the
period of 3 month ending March 31st 2020 and invested in asset renovation and
asset enhancement program of THB 25.470 million for the period of 9 month ending
March 31st 2020.  LUXF, therefore, recorded unrealized loss of THB 4.871
million in the financial statement for the period of 3 month.  This resulted to
the changing in net asset resulting from operations exceeding 20% from the same
period of previous year.
In addition. LUXF recorded unrealized loss which is resulted LUXF fund had 
invested in the asset renovation and asset enhancement program of THB 25.465
million in the financial statement for the period of 9 month ending March 31st
2020. This resulted to the changing in net asset resulting from operations
exceeding 20% from the same period of previous year.
Please notify accordingly


Regards


Phiphat Phisanuwongrak
Authorized Signatory
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