Axiom Properties : reports 1,022% increase in underlying net profit after tax

ASX CODE

AXI

ISSUED CAPITAL

Ordinary Shares

420.4 M

CONTACT

South Australia

Level 3, Stafford House 25 Leigh Street

Adelaide SA 5000

Phone: [phone]

Email: [e-mail]

New South Wales

Suite 2001, Lvl 20 Australia Square

264-278 George Street

Sydney NSW 2000

Phone: [phone]

Email: [e-mail]

13 February 2017

APPENDIX 4D - HALF YEAR REPORT - 31 DECEMBER 2016 AXIOM REPORTS 1,022% INCREASE IN UNDERLYING NET PROFIT AFTER TAX Adelaide, Australia, Monday 13 February 2017: Axiom Properties Limited (ASX:AXI) lodges the attached Appendix 4D Half year report for the Half-year ended 31 December 2016. HIGHLIGHTS FOR THE PERIOD

• Axiom's reported Net Profit After Tax (NPAT) was $4.3 million for the half year;

• NPAT represents an increase of1,022% over the previous corresponding period (pcp), with no significant items reported in this period;

• Reported Net Tangible Assets (NTA) increases to 6.18cents (up from 4.84cents), representing an increase of 27% over pcp;

• Revenue from ordinary continuing operations of$2.9 million was5.4% higher than pcp as the Company experiences growth in rental income from existing tenancies as well as the successful leasing of new tenancies.

Axiom's Managing Director, Ben Laurance, highlighted the 27% increase in net tangible asset per security and said that "the success of the first half is underpinned by two strong performing retail assets including the successful expansion of Aldi. It is further evidence that we continue to deliver on our objective to create long term value for shareholders by generating above average returns."

About Axiom Properties Ltd

Axiom Properties Ltd is a property development and investment business focused on developing and delivering quality property solutions. Axiom's principal objective is to create long term value for shareholders through creating a well-respected property development and investment company that consistently delivers above industry returns on capital.

For more information, please contact: Paul Santinon

Company Secretary

[phone]

Appendix 4D‌ Half year report Half-year ended 31 December 2016

Introduced 01/01/03 Amended 17/12/10

Rule 4.2A.3

Name of entity

AXIOM PROPERTIES LIMITED

ABN

40 009 063 834

1.	Half-year ended ('current reporting period')	Half-year ended ('previous corresponding period')
31 DECEMBER 2016	31 DECEMBER 2015

1. Results for announcement to the market

   $A'000

   2.1	Revenue from ordinary activities	up/down	5.4%	To 2,941
   2.2	Profit from ordinary activities after tax attributable to members	up /down	1,022%	To 4,322
   2.3	Profit for the period attributable to members	up/down	1,022%	To 4,322

   Dividends		Amount per security	Franked amount per security
   2.4	Final dividends	N/A	N/A
   2.4	Interim dividends	N/A	N/A

   2.5

   Record date for determining entitlements to the dividends

   N/A

   2.6 Brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood:

   This report should be read in conjunction with Axiom Properties Limited's most recent Annual and Interim Financial Reports.

   Current reporting period	Previous corresponding period
   6.18 cents	4.84 cents

2. NTA backing

3. Net tangible assets per security

4. Control gained over entities having material effect

   N/A

   N/A

   N/A

   N/A

5. Name of entity (or group of entities)

6. Date of gain of control

   Consolidated profit (loss) from ordinary activities after tax of

7. the controlled entity (or group of entities) since the date in the current period on which control was acquired

   4.3 Profit (loss) from ordinary activities after tax of the controlled entity (or group of entities) for the whole of the previous corresponding period

   Loss of control of entities having material effect

   N/A

   N/A

   N/A

   N/A

8. Name of entity (or group of entities)

9. Date of loss of control

10. Consolidated profit (loss) from ordinary activities after tax of the controlled entity (or group of entities) since the date in the current period on which control was acquired

11. 4.3 Profit (loss) from ordinary activities after tax of the controlled entity (or group of entities) for the whole of the previous corresponding period

12. Dividends / distributions

    Date the dividend / distribution is payable	N/A
    Amount per security of foreign source dividend / distribution	N/A

    Total dividends / distributions

    Ordinary securities	N/A
    Preference securities	N/A

13. Dividend / distribution plans

    Dividend or distribution investment plans in operation:	N/A
    The last date(s) for receipt of election notices for participation in dividend or distribution reinvestment plans	N/A

14. Details of aggregate share of profits (losses) of associates and joint venture entities‌

    Name of associate / joint venture:	MB Estate Pty Ltd
    Holding in entities	50% holding in Joint Venture
    Group's aggregate share of associates' and joint venture entities':	Current reporting period $A'000	Previous corresponding period $A'000
    Profit (loss) from ordinary activities before tax Income tax on ordinary activities Profit (loss) from ordinary activities after tax Extraordinary items net of tax Net profit (loss) Adjustments Share of net profit (loss) of associates and joint venture entities	-	(113)
    	-	-
    	-	(113)
    	-	-
    	-	(113)
    	-	-
    	-	(113)

15. Foreign entities

    Which set of accounting standards is used in compiling the report (e.g. International Financial Reporting Standards):

    N/A

16. All entities

17. A description of accounts subject to audit dispute or qualification:

    N/A