Asset World Corp Public Company Limited, or AWC, reported second-quarter net profit for the fiscal year 2569 of 1.468 billion baht, up 4.6% from the same period last year. Total revenue was 5.502 billion baht, up 5.6%, and EBITDA was 2.85 billion baht, up 4.6%. The hotel and services business generated revenue of 2.761 billion baht, up 5.7%, while the commercial business generated revenue of 2.517 billion baht, up 13.4%. The board of directors approved the establishment of Asset World Corp REIT Company Limited to act as trust manager, and approved in principle a study of establishing a REIT, with the initial value of assets to be sold to the trust expected to be within a limit of 50 billion baht, representing a transaction size of no more than 25% of total assets according to the second-quarter financial statements for the fiscal year 2569.
Asset World Corp Public Company LimitedQ2 profit and revenue rose, and REIT study approved.
Company established to act as trust manager for planned REIT.
