Velocity Property Group Limited reported Preliminary earnings results for the year ended June 30, 2017. For the period, the company reported revenue revenues from ordinary activities of $17,704,229. Profit after tax from ordinary activities attributable to the owners of the company of $2,198,705. Profit after tax attributable to the owners of the company was $2,198,705. Basic and diluted EPS was 0.8 cents against 14.4 cents a year ago. The drop in EPS despite an increase in earning is due to additional shares being issued in the current year, primarily due to the listing on the Australian Securities Exchange in February 2017. Net tangible assets per ordinary security were 4.9 cents against 7.0 cents a year ago.