Turnstar Holdings Limited reported audited consolidated and parent earnings results for the year ended January 31, 2017. For the period, on consolidated basis, the company reported total rental income of BWP 254,646,681 against BWP 247,562,823 a year ago. Profit from operations before fair value adjustments was BWP 141,141,054 against BWP 190,890,064 a year ago. Profit from operations was BWP 246,482,169 against BWP 237,790,969 a year ago. Profit before taxation was BWP 234,469,909 against BWP 229,588,530 a year ago. Profit was BWP 237,724,816 or 41.55 thebe per basic and diluted share against BWP 222,830,026 or 38.95 thebe per basic and diluted share a year ago. Net cash from operating activities was BWP 170,014,387 against BWP 171,276,636 a year ago. Additions to plant and equipment were BWP 2,288,634 against BWP 873,032 a year ago.

For the period, on parent basis, the company reported total rental income of BWP 123,893,401 against BWP 126,714,345 a year ago. Profit from operations before fair value adjustments was BWP 90,189,001 against BWP 131,343,940 a year ago. Profit from operations was BWP 187,053,882 against BWP 145,779,555 a year ago. Profit before taxation was BWP 203,767,346 against BWP 159,539,480 a year ago. Profit was BWP 191,023,623 or 33.39 thebe per basic and diluted share against BWP 161,588,660 or 28.24 thebe per basic and diluted share a year ago. Net cash from operating activities was BWP 109,334,589 against BWP 105,486,024 a year ago. Additions to plant and equipment were BWP 2,194,492 against BWP 96,581 a year ago.

The directors have approved a final distribution of 11 thebe per linked unit, split as follows. Debenture interest of 8.2403 thebe and 2.7596 thebe dividend per share in respect of the six months ended January 31, 2017 to all registered unit holders with the company at close of business on May 19, 2017. Payment of the distribution will be dispatched by the transfer secretaries on or about the June 7, 2017.