Thailand Future Fund posts jump in net profit
Thailand Future Fund reported a net profit of Bt318.82 million in the first quarter of this fiscal year (October-December 2018), up from Bt3.56 million in the same period last year.
Krungthai Asset Management Plc and MFC Asset Management Plc, manager of the fund, said that the fund recorded an increase of more than 20 per cent in net assets to Bt318.828 million, an increase of Bt315.263 from Bt3.565 million for the same period in 2017.
The surge in net profit was attributed to the sharp increase in net investment income after the recapitalisation of the fund on October 29, 2018 for an investment in the right to receive 45 per cent of the net toll revenue from Chalong Rat expressway and Burapawithi expressway for a period of 30 years, commencing from the transfer date in the Revenue transfer Agreement.
