Oasis Crescent Property Fund Reports Preliminary Audited Earnings Results for the Year Ended March 31, 2018
Oasis Crescent Property Fund reported preliminary audited earnings results for the year ended March 31, 2018. For the period, the company reported income of ZAR 122,787,000 against ZAR 98,733,000 a year ago. Net income from rentals and investments was ZAR 80,964,000 against ZAR 58,530,000 a year ago. Operating profit for the year before non-permissible income was ZAR 119,253,000 against ZAR 78,834,000 a year ago. Net profit for the year was ZAR 118,722,000 or 203.4 cents per basic and diluted share against ZAR 78,424,000 or 143.7 cents per basic and diluted share a year ago. Basic earnings before non-permissible income adjustment were ZAR 119,253,000 against ZAR 78,834,000 a year ago. Basic Earnings after non-permissible income adjustment was ZAR 119,871,000 against ZAR 79,346,000 a year ago. Headline earnings were ZAR 63,910,000 or 109.5 cents per basic and diluted share against ZAR 58,120,000 or 106.5 cents per basic and diluted share a year ago. Net cash inflow from operating activities was ZAR 51,035,000 against ZAR 56,379,000 a year ago. Acquisition of property, plant and equipment was ZAR 54,000 against ZAR 260,000 a year ago. Capital expenditure to investment properties was ZAR 4,117,000 against ZAR 1,013,000 a year ago.