Tower Property Fund Limited reported unaudited consolidated earnings results for the six months ended November 30, 2016. For the period, the company reported net property income of ZAR 206,085,000 against ZAR 163,675,000 a year ago. Net operating profit was ZAR 195,375,000 against ZAR 132,848,000 a year ago. Profit from operations was ZAR 370,888,000 against ZAR 185,532,000 a year ago. Profit before taxation was ZAR 305,711,000 against ZAR 134,895,000 a year ago. Profit for the period was ZAR 305,711,000 against ZAR 134,718,000 a year ago. Basic and diluted earnings per share were 91.3 cents against 55.9 cents a year ago. Net cash from operating activities was ZAR 105,285,000 against ZAR 50,345,000 a year ago. Headline earnings were ZAR 223,267,000 against ZAR 75,176,000 a year ago. Distributable profit was ZAR 227,337,000 against ZAR 82,646,000 a year ago. Distributable earnings were ZAR 130,396,000 against ZAR 108,510,000 a year ago. Headline earnings per share were 66.0 cents against 32.4 cents a year ago. Distributable earnings per share were 38.4 cents against 45.2 cents a year ago.