News Detail

13 May 2022 17:49:00
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
Full Detailed News
Download Full Detailed News
                Management Discussion and Analysis

Company name                             : MFC-NICHADA THANI PROPERTY FUND
Year                                     : 2022
Quarter                                  : Quarter 1
Ending                                   : 31-Mar-2022
Note                                     :
Ref: MFC PT. 047/2022

May 13, 2022
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 year ended 31 March
2022 over 20% from  the same period last year as follows;

For year 2022, the Fund had net profit from investments of Baht 1.44 million, 
decreasing from a net profit from investments of Baht 2.92 million in year 2021,
 or a decrease of 50.69% which was mainly due to the followings;

-The Fund's revenue was Baht 6.17 million, compare with Baht 6.52 million or a 
decrease of 5.35%.

- The Fund's expense was Baht 4.73 million, an increase from Baht 3.42 million 
in 2021 or an increase of 38.12% mainly from a higher repair and maintenance
expense due to new lessee in Raintree residence.

Kindly be advised accordingly.

Yours faithfully,

(Ms. Natree Panassutrakorn)
Executive Vice President

Property and Infrastructure Fund Department
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.