Accordia Golf Trust announced unaudited consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported revenue of JPY 14,288 million as compared to JPY 14,512 million for the same period last year. Operating profit was JPY 3,086 million as compared to JPY 3,202 million for the same period last year. Profit before tax was JPY 2,689 million as compared to JPY 2,798 million for the same period last year. Profit for the period was JPY 2,420 million as compared to JPY 2,499 million for the same period last year. Profit for the period attributable to unit holders of the company was JPY 2,391 million as compared to JPY 2,451 million for the same period last year. EBITDA was JPY 3,859 million as compared to JPY 3,954 million for the same period last year. Net cash flows from operating activities was JPY 2,942 million as compared to JPY 2,587 million for the same period last year. Acquisition of property, plant and equipment was JPY 530 million as compared to JPY 152 million for the same period last year. Operating income was JPY 14,413 million as compared to JPY 14,574 million for the same period last year. Net asset value attributable to Unitholders per unit as at June 30, 2018 of JPY 72.96.