New African Properties Limited Reports Audited Company Earnings Results for the Year Ended July 31, 2017
New African Properties Limited reported audited company earnings results for the year ended July 31, 2017. For the year, the company’s revenue was BWP 167,456,000 against BWP 152,548,000 a year ago. Net rental income was BWP 145,349,000 against BWP 132,437,000 a year ago. Operating profit was BWP 134,269,000 against BWP 121,852,000 a year ago. Profit before taxation was BWP 206,798,000 against BWP 227,370,000 a year ago. Profit for the year attributable to linked unit holders was BWP 195,213,000 against BWP 208,413,000 a year ago. Basic and diluted earnings per unit attributable to linked unit holders were 32.30 thebe against 34.48 thebe a year ago. Net cash flows from operating activities were BWP 6,994,000 against BWP 13,727,000 a year ago. Investment property acquired was BWP 474,000 against BWP 1,794,000 a year ago.