NZ Property Fund Reports Audited Earnings Results for the Year Ended March 31, 2018
NZ Property Fund reported audited earnings results for the year ended March 31, 2018. For the year, the company reported total income of $3,771,000 against loss of $764,000 a year ago. Profit before tax was $3,491,000 against loss of $1022,000 a year ago. Profit after tax was $3,393,000 against loss of $950,000 a year ago. Basic and diluted earnings per unit were 7.04 cents against loss of 2.17 cents a year ago. Net cash flows from operating activities was $2,209,000 against $1,972,000 a year ago. Purchase of investments was $3,201,000 against $4,418,000 a year ago. The net asset value of each unit per the financial statements is $1.07750 against $1.05473 in 2017.