Tower Property Fund Limited reported unaudited consolidated earnings results for the six months ended November 30, 2017. For the period, the company reported net property income of ZAR 205,881,000 compared to ZAR 206,085,000 a year ago. Net operating profit was ZAR 149,677,000 compared to ZAR 294,537,000 a year ago. Profit from operations was ZAR 246,806,000 compared to ZAR 370,888,000 a year ago. Profit before taxation was ZAR 187,177,000 compared to ZAR 305,711,000 a year ago. Profit for the period attributable to equity shareholders of the company was ZAR 186,919,000 compared to ZAR 305,142,000 a year ago. Basic and diluted earnings per share were ZAR 55.0 compared to ZAR 91.3 a year ago. Net cash from operating activities was ZAR 117,744,000 against ZAR 105,285,000 a year ago. Headline earnings were ZAR 100,573,000 against ZAR 223,267,000 a year ago. Distributable profit was ZAR 90,753,000 against ZAR 227,337,000 a year ago. Distributable earnings were ZAR 134,877,000 against ZAR 130,396,000 a year ago. Headline earnings per share were 29.6 cents against 66.8 cents a year ago. Distributable earnings per share were 40.7 cents against 38.4 cents a year ago. Revenue was ZAR 209,824,000 compared to ZAR 216,508,000 a year ago.