Tower Property Fund Limited reported audited consolidated earnings results for the year ended May 31, 2017. For the year, revenue was ZAR 447,341,000 against ZAR 376,451,000 a year ago. Net property income was ZAR 413,082,000 against ZAR 345,718,000 a year ago. Net operating profit was ZAR 458,089,000 against ZAR 301,630,000 a year ago. Profit from operations was ZAR 569,633,000 against ZAR 283,493,000 a year ago. Profit before taxation was ZAR 444,517,000 against ZAR 167,559,000 a year ago. Profit for the period attributable to equity shareholders of Tower Property Fund Limited was ZAR 437,103,000 against ZAR 158,840,000 a year ago. Basic and diluted earnings per share (weighted average shares in issue) were 129.8 cents against 67.1 cents a year ago. Net cash from operating activities was ZAR 224,726,000 against ZAR 190,198,000 a year ago. Investment property acquired was ZAR 641,865,000 against ZAR 878,046,000 a year ago. The net asset value per share at 31 May 2017 is ZAR 9.61.