Bangkok--23 Jul--Ek-Chai Distribution System
Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (TLGF) announced its income and net profit growth for Q1 2014/2015. TLGF’s total income in Q1 2014/2015 was 681,936,786 baht or a 10% increase year-on-year. The fund’s net investment income was 434,222,871 baht, an increase of 4.3% year-on-year.
TLGF will pay dividend of the Q1 2014/2015 at 0.1856 baht/unit on 14 August 2014, and will pay capital reduction of the Q1 at 0.0164 baht/unit on 15 August 2014. The total distribution for Q1 2014/2015, including capital reduction, will be 0.202 baht/unit.
Since its establishment and flagship IPO in 2012, TLGF has invested in 23 Tesco Lotus shopping malls in prime locations across Thailand. TLGF is one of the largest listed property funds in Thailand with a market capitalization of over 32 billion baht (information as of 17 July 2014).