13 May 2022 17:49:00
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
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 02-649-2000 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.