C.P. Tower Growth Leasehold Property Fund Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 05:44 am EST
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C.P. Tower Growth Leasehold Property Fund reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was THB 284.35 million compared to THB 220.45 million a year ago. Revenue was THB 287.56 million compared to THB 230.19 million a year ago. Net income was THB 197.67 million compared to THB 157.58 million a year ago.
For the nine months, sales was THB 863.75 million compared to THB 743.91 million a year ago. Revenue was THB 877.62 million compared to THB 760.59 million a year ago. Net income was THB 307.44 million compared to THB 498.31 million a year ago.
C.P. Tower Growth Leasehold Property Fund (the Fund) is a Thailand-based specific closed-end property fund. The Fundâs objectives are to raise funds from general investors and to use the proceeds from such fundraising for the lease of and seeking benefit from those properties. The Fund will also improve, modify, develop and/or dispose of immovable properties the Fund invests in or acquires by way of letting, subletting and/or disposing or other processes, with the aim of generating income and returns for the Fund and its unitholders. This includes investment in other properties and/or securities and/or seeking interest by any other means. Its investments in leasehold rights to properties include C.P. Tower 1 (Silom), C.P. Tower 2 (Fortune Town) and C.P. Tower 3 (Phayathai). The Fund is managed by Krung Thai Asset Management Public Company Limited (the Management Company).
C.P. TOWER GROWTH LEASEHOLD PROPERTY FUND 
