Turnstar Holdings Limited Reports Audited Consolidated and Parent Earnings Results for the Year Ended January 31, 2017; Approves Final Distribution for the Six Months Ended January 31 2017 Payable on or about June 7, 2017
For the period, on parent basis, the company reported total rental income of BWP 123,893,401 against BWP 126,714,345 a year ago. Profit from operations before fair value adjustments was BWP 90,189,001 against BWP 131,343,940 a year ago. Profit from operations was BWP 187,053,882 against BWP 145,779,555 a year ago. Profit before taxation was BWP 203,767,346 against BWP 159,539,480 a year ago. Profit was BWP 191,023,623 or 33.39 thebe per basic and diluted share against BWP 161,588,660 or 28.24 thebe per basic and diluted share a year ago. Net cash from operating activities was BWP 109,334,589 against BWP 105,486,024 a year ago. Additions to plant and equipment were BWP 2,194,492 against BWP 96,581 a year ago.
The directors have approved a final distribution of 11 thebe per linked unit, split as follows. Debenture interest of 8.2403 thebe and 2.7596 thebe dividend per share in respect of the six months ended January 31, 2017 to all registered unit holders with the company at close of business on May 19, 2017. Payment of the distribution will be dispatched by the transfer secretaries on or about the June 7, 2017.