Velocity Property Group Limited announced consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported total revenue of AUD 93,827 compared to AUD 8,838,610 a year ago. Loss before income tax was AUD 1,790,341 compared to profit before income tax of AUD 157,319 a year ago. Loss after income tax was AUD 1,280,808 compared to profit after income tax of AUD 110,123 a year ago. Basic and diluted loss per share were 0.34 cents compared to earnings per share of 0.05 cents a year ago. Net cash used in operating activities was AUD 26,057,703 compared to net cash from operating activities of AUD 2,001,673 a year ago. Payments for property, plant and equipment was AUD 1,044,176 compared to AUD 5,193 a year ago.