Miss Wanphen Mungpiensakul, Managing Director of RMI Co, the IMPACT Growth REIT manager, said the trust had revenue during the April-June period totaling 487.72 million baht, of which 486.4 million baht was service income and 1.1 million baht came from the others, while net profit was 253.14 million baht, or a 52% net profit margin.
Its quarterly revenue went down slightly from the same period last year because the occupancy rate during the April-June period fell down due to the lower number of local and foreign concerts. However, the occupancy rate at IMPACT Challenger Building rose 10% and this made the occupancy rate stand at 46.4%, down a little bit from 49.3% in the same period last year.
Meanwhile, the IMPACT Growth REIT still maintains its expense control at a good pace and this makes its cost in managing cost of service stay at 14%, not different from the same period last year, while administration expense reduced to 10% of the total service income. This made its gross profit margin in the first quarter stood at 86%, on par with the figure in the same period last fiscal year while its net profit margin was 52%, in line with its 2016 target around 50-55%.
Miss Wanphen said the company's board approved to pay interim dividend for REIT unit holders at 0.17 baht per unit, representing the 100.5% dividend payout rate. The total dividend payment is 252 million baht with the closing of unit holder registration on August 25, 2016 and the payment on September 9, 2016. This is the first interim dividend for the 2016/17 fiscal year.
For the trend of performance in the second quarter (July-September 2016), Miss Wanphen is confident that the trust will have chance to see improving revenue from the first quarter, as the space booking is higher year-on-year overall occupancy rate during the six month period (April-September) will stay positive similarly to the same period last year.