Velocity Property Group Limited reported audited consolidated and parent earnings results for the year ended June 30, 2016. For the period, on consolidated basis, the company reported revenue of AUD 14,670,217 against AUD 7,030 a year ago. Profit before income tax expense was AUD 1,468,563 against loss before income tax expense of AUD 1,427,442 a year ago. Profit after income tax was AUD 1,027,994 against loss after income tax expense of AUD 999,302 a year ago. Profit for the year is attributable to owners of the company was AUD 1,027,994 against loss for the year is attributable to owners of the company of AUD 526,440 a year ago. Total cash flows used in operating activities AUD 14,245,056 against AUD 15,439,505 a year ago. Payment for property, plant & equipment was AUD 23,888. For the year, the parent company reported loss of AUD 605,203.