Post by account_disabled on Dec 27, 2023 6:07:27 GMT
FPT reports operating results for the second quarter of fiscal 2020 with total revenue of 5,090 million baht, a growth of 10.43 percent compared to the previous quarter. With regular income growing 1.85 percent and profits from special recognition of sales of land and FTREIT trust units of more than 414 million baht, resulting in overall operating results increasing. - Industrial real estate and commerce is affected in a limited way From regular rental income and long-term rental contracts - FPT's strong financial position with a large cash flow and a balanced investment portfolio Covers many asset classes that can generate continuous cash flow. Frasers Property (Thailand) Public Company Limited or “FPT” is the leader in providing complete real estate platform services in Thailand. Announcement of operating results for the 2nd quarter of fiscal year 2020, ending March 31, 2020 Mr. Sophon Racharaksa, General Director of Frasers Property Thailand, revealed that “2nd quarter results of fiscal year 2020.
the company had total income of 5,090 million baht, an increase of 10.43 percent compared to the previous quarter. previous But it decreased slightly to 7.60 percent if compared to the same period last year. Due to the impact of the coronavirus outbreak and the domestic economy, however, the company was still able to produce good operating results this quarter. With a total net profit of 851 million baht, an increase of more than 9.42 percent compared to the previous year. From the recorded profit from the sale of land and investments WhatsApp Number List worth 414 million baht WhatsApp Number List along with efficient cost management. This makes it possible to reduce sales and administrative expenses by 6.75 percent.” FPT Board of Directors meeting on May 12th It was resolved to approve the issuance of additional common shares to the existing shareholders of the Company. According to the shareholding proportion (Right Offering), the total amount does not exceed 15 percent of the paid-up registered capital. at a price per share of 10.60 baht, with Mr. Sophon explaining that “The company plans to use the additional capital received to invest in various projects and strengthen readiness for further.
investment opportunities.The subscription period for additional shares is set for the end of June 2020. Industrial Real Estate Business Group Report on operating results for the second quarter of fiscal year 2020 with revenue of 443 million baht, stable when compared to the performance of the previous quarter. and the same time last year The revenue is recognized from the sale of FTREIT trust units and the sale of land in the EEC area to Midea Group. which is a world-leading Chinese manufacturer and distributor of electrical appliances. The company There was a cumulative total of 52,000 square meters of new rental space as of March 2020, slowing down from expiring short-term leases. and marketing limitations under social distancing measures from the COVID-19 situation. However, the company assesses the impact on key customers. which are automotive and electronics industry operators accounting for 32 percent of the tenants are still in a limited circle. For the overall picture of this quarter, FPT was able to maintain the rental space rate at 80 percent, with factory space rental rates increasing as high as 76 percent, which is the highest level in 5 years, increasing from the rental rate of 73 percent in the same period last year. and the customer group in the automotive industry Smart electronics Medicine and medical supplies, plastics, metals and machinery There is still a continuous demand for renting space for industrial purposes.
the company had total income of 5,090 million baht, an increase of 10.43 percent compared to the previous quarter. previous But it decreased slightly to 7.60 percent if compared to the same period last year. Due to the impact of the coronavirus outbreak and the domestic economy, however, the company was still able to produce good operating results this quarter. With a total net profit of 851 million baht, an increase of more than 9.42 percent compared to the previous year. From the recorded profit from the sale of land and investments WhatsApp Number List worth 414 million baht WhatsApp Number List along with efficient cost management. This makes it possible to reduce sales and administrative expenses by 6.75 percent.” FPT Board of Directors meeting on May 12th It was resolved to approve the issuance of additional common shares to the existing shareholders of the Company. According to the shareholding proportion (Right Offering), the total amount does not exceed 15 percent of the paid-up registered capital. at a price per share of 10.60 baht, with Mr. Sophon explaining that “The company plans to use the additional capital received to invest in various projects and strengthen readiness for further.
investment opportunities.The subscription period for additional shares is set for the end of June 2020. Industrial Real Estate Business Group Report on operating results for the second quarter of fiscal year 2020 with revenue of 443 million baht, stable when compared to the performance of the previous quarter. and the same time last year The revenue is recognized from the sale of FTREIT trust units and the sale of land in the EEC area to Midea Group. which is a world-leading Chinese manufacturer and distributor of electrical appliances. The company There was a cumulative total of 52,000 square meters of new rental space as of March 2020, slowing down from expiring short-term leases. and marketing limitations under social distancing measures from the COVID-19 situation. However, the company assesses the impact on key customers. which are automotive and electronics industry operators accounting for 32 percent of the tenants are still in a limited circle. For the overall picture of this quarter, FPT was able to maintain the rental space rate at 80 percent, with factory space rental rates increasing as high as 76 percent, which is the highest level in 5 years, increasing from the rental rate of 73 percent in the same period last year. and the customer group in the automotive industry Smart electronics Medicine and medical supplies, plastics, metals and machinery There is still a continuous demand for renting space for industrial purposes.