Dipula Income Fund Limited announced consolidated earnings results for the year ended August 31, 2017. For the period, the company reported revenue was ZAR 1,069,660,000 against ZAR 1,065,387,000 a year ago. Net property income was ZAR 716,197,000 against ZAR 715,741,000 a year ago. Net operating profit was ZAR 684,310,000 against ZAR 683,728,000 a year ago. Profit before taxation was ZAR 406,875,000 against ZAR 683,719,000 a year ago. Profit for the year after taxation was ZAR 406,875,000 against ZAR 683,719,000 a year ago. Basic and diluted earnings per share were 91.59 cents against 163.18 cents a year ago. Headline earnings were ZAR 395,294,000 against ZAR 423,837,000 a year ago. Headline and diluted earnings per A-share was 93.33 cents against 103.84 cents a year ago. Headline and diluted earnings per B-share was 93.33 cents against 103.84 cents a year ago. Net asset value per A-share was 1,012.62 cents against 1,045.70 cents a year ago. Net asset value per B-share was 1,012.62 cents against 1 045.70 cents a year ago. Net cash generated from operating activities was ZAR 32,983,000 against net cash utilized in operating activities of ZAR 41,314,000 a year ago. Acquisition of investment properties and capital expenditure was ZAR 110,424,000 against ZAR 424,533 a year ago. Acquisition of property, plant and equipment was ZAR 460,000 against ZAR 474,000 a year ago.

The company reported restatement of earnings results for the year ended August 31, 2016 and 2015. For the year 2016, the company restated accumulated profit of ZAR 93,599,000 compared to ZAR 127,843,000 published for the same period previously. Net cash utilised in operating activities was ZAR 41,314,000 against ZAR 29,964,000 published for the same period previously.

For the year 2015, the company restated accumulated profit of ZAR 76,114,000, profit before taxation of ZAR 367,957,000, profit for the year after taxation of ZAR 367,957,000 compared to accumulated profit of ZAR 99,008,000, profit before taxation of ZAR 390,851,000, profit for the year after taxation of ZAR 390,851,000 published for the same period previously. Net cash utilised in operating activities was ZAR 30,938,000 against ZAR 53,832,000 published for the same period previously.