Tower Property Fund Limited reported audited consolidated earnings results for the year ended May 31, 2018. For the year, revenue was ZAR 416,420,000 against ZAR 447,341,000 a year ago. Net property income was ZAR 399,035,000 against ZAR 413,082,000 a year ago. Net operating profit was ZAR 376,759,000 against ZAR 458,089,000 a year ago. Profit from operations was ZAR 411,732,000 against ZAR 569,633,000 a year ago. Profit before taxation was ZAR 295,995,000 against ZAR 444,517,000 a year ago. Profit for the period attributable to equity shareholders of Tower Property Fund Limited was ZAR 293,429,000 against ZAR 437,103,000 a year ago. Basic and diluted earnings per share (weighted average shares in issue) were 86.4 cents against 129.8 cents a year ago. Net cash from operating activities was ZAR 242,013,000 against ZAR 224,726,000 a year ago. The net asset value per share at 31 May 2017 is ZAR 9.68.