AFI Development PLC reported consolidated earnings results for the first quarter ended March 31, 2017. For the period, the company has posted revenue of $47,498,000 against $27,365,000 a year ago. Loss from operating activities was $19,995,000 compared to $45,220,000 a year ago. Loss before tax was $7,388,000 compared to $34,694,000 a year ago. Profit for the period was $1,031,000 compared to loss of $31,861,000 a year ago. Profit attributable to owners of the company was $1,091,000 compared to loss attributable to owners of the company of $31,787,000 a year ago. Basic and diluted earnings per share were 0.10 cent compared to loss of 3.03 cent a year ago. Net cash from operating activities was $19,041,000 against $11,956,000 a year ago. Payments for construction of investment property under development were $796,000 against $339,000 a year ago. Payments for the acquisition/renovation of investment property Change in VAT recoverable were 614,000 against $63,000 a year ago. Acquisition of property, plant and equipment was $11,000 against $150,000 a year ago.