SUPEREIF’s Net Profit in 1Q Drops to ฿177Mn, Handing Out a Dividend of ฿0.2670

Super Energy Power Plant Infrastructure Fund (SUPEREIF) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

In 1Q2021, changes in net assets from operations were THB 177.1 million. When compared to the same quarter last year, changes in net assets from operations in this quarter decreased 48.4%. The main reason for such decrease was because, in this quarter, there was a recognition of a loss on an investment, while there was a recognition of gain on an investment in the same quarter last year.

 

Total income for 1Q2021 was THB 237.6 million, increasing 2.4% YoY and 29.5% QoQ. The main reason for such an increase was the rise of income from investment in the Net Revenue Transfer Agreement at 2.5% YoY and 29.6% QoQ to THB 237.5 million. Other income was insurance claims received from property insurance policies.

 

Net investment income was THB 193.1 million, increasing 8.4% YoY and 40.1% QoQ due to the increase of total income and the decrease of total expenses. Net investment income margin in 1Q2021 was 81.2%, compared to 76.7% in 1Q2020 and 75.1% in 4Q2020.

 

In 1Q2021, the Fund recognized a decrease in Investment in the net revenue transfer agreement following the revaluation of the fair market value of the Right of Net Revenue by an independent appraiser of THB 16.0 million thus recognizing a loss on investment by such amount.

 

In addition, the Fund will make the 6th dividend payment for 1Q2021 performance at the rate of THB 0.26700 per unit. XD (Exclude Dividend) date will be on 21 May 2021, and the payment date is scheduled to be on 9 June 2021.