JASIF Reports a Soaring Profit in 2Q at 15% after Recording High Income and Low Expense
JASIF has reported a soaring profit in the second quarter of 2019 at 15% after recording higher income and lower expense.
Jasmine Broadband Internet Infrastructure Fund (JASIF) has reported its 2Q19 financial statement through the Stock Exchange of Thailand as follows:
JASIF recorded net investment income of THB 1,375.22 million in 2Q19, increased 1.12% YoY and 0.10% QoQ. Net unrealised gain from investment was THB 299.96 million. (In Jun 2019, the Fund engaged an independent appraiser to appraise the fair value of the investments in the Optical Fiber Cables. The Fund revalued such investments to be new fair value of THB 57,800.00 million, resulting in the net unrealised gain from investments THB 300.00 million). Increase in net assets from operations was THB 1,675.18 million, increasing 14.76% YoY.
Total income for 2Q19 was THB 1,480.43 million, increasing 1.37% YoY and increasing 0.05% QoQ mainly came from higher rental income from Optical Fiber Cables THB 1,469.17 million, increasing 1.07% YoY and there was no change on QoQ. Interest income was THB 11.26 million,an increase 64.62% YoY and an increase 7.55% QoQ.
Total expenses in 2Q19 were THB 105.21 million, increasing 4.69% YoY and decreasing 0.53% QoQ. Fund management fee and expenses were THB 21.08 million, increasing 5.14% YoY and increasing 3.84% QoQ. Operating expenses were THB 72.63 million, increasing 9.88% YoY and increasing 0.79 % QoQ (composed of Optical Fiber Cables maintenance expenses THB 55.18 million, right of way expenses THB 15.89 million and insurance expenses THB 1.56 million). Other expenses were THB 11.50 million, decreasing 19.86% YoY and decreasing 14.24% QoQ.
