News Detail

Date/Time
13 May 2022 17:49:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2022
Symbol
MNIT
Source
MNIT
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                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
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