IMPACT Growth REIT showed 2Q17/18 net profit growth at 9% with 0.20 Bt. dividend payment. 1st half reported 16% net profit growth, expected 2nd half year performance has risen as the economic recovery

Stocks and Financial Services Press Releases Tuesday November 14, 2017 09:37
Bangkok--14 Nov--Make A Wealth Consulting

IMPACT Growth REIT has announced the 2Q'2017/2018 with total revenue of 593 million baht, net profit of 328 million baht with 9% growth. Dividend would be paid at 0.20 baht per unit. Expected Trust's annual performance would rise from the same period of last year as the economic bouncing back.

Miss Wanphen Mungpiensakul, Managing Director, RMI Co.,Ltd. as the REIT Manager of IMPACT Growth REIT said that the performance of 2Q'2017/2018 ended 30 September 2017 has showed the Trust's total revenue 593 million baht ,increasing 10% from the same period of the last year as the increasing of occupancy rate from the growth of convention event and concert, so that it boosted the occupancy rate in this quarter to 59% which was higher than the same period of the last year which was at 56%. Net profit was at 328 million baht increasing 9% from the same period of the last year.

For the 1st half earning result, the Trust's occupancy rate was at 55% which increased from the same period of last year which was at 51%. The total revenue was 1,157 million baht with 13% growth, net profit was 645 million baht with 16% growth, while the Trust's net profit margin was at 56%

Miss Wanphen Mungpiensakul continued that company's board of directors approved to pay dividend to the trust's unitholders for the 2nd time for year 2017/2018 at 0.20 baht per unit, the recorded date on 24 November 2017, and the payment on 8 December 2017. This was the second dividend payment or the total of 0.39 baht per unit in the fiscal year of 2017/2018.

For 2nd half of the year 2017/2018, the occupancy rate of the 3rd quarter, from the latest event booking data showed that the expected occupancy rate was at 55% which was higher than the same of last year which was at 47%.

""For the 2017/2018 annual performance outlook, the Trust would regain as the improvement from the domestic economic condition, the Consumer Confident Index in September had increased to 39.5 while the Trust expected the 2nd half year of the occupancy rate would be at 50-55% which was higher that of last year. Thus for the annual performance for 2017/2018 fiscal year, the occupancy rate would be more than 50% which higher from last year which was 46%"" Miss Wanphen said.

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