Europe Fund reported audited earnings results for the year ended March 31, 2017. For the period, total income was NZD 14,866,000, profit before tax was NZD 14,374,000 and profit after tax was NZD 12,997,000 or 15.86 cents per diluted share against total loss was NZD 11,354,000, loss before tax was NZD 11,600,000 and loss after tax was NZD 12,304,000 or 22.86 cents per diluted share a year ago. Net cash flows from operating activities was NZD 1,808,000 against NZD 371,000 a year ago.