Corporate Alert: Dolmen City REIT declares a DPS of 1.15/- per share, reports an EPS of 1.70 for the period ended June 30, 2017

Financial Results - For the year ended 30 June, 2017

Key Financials

June 30, 2017

June 30, 2016

% Change

Income

3,009,569.00

2,664,459.00

13%

Rental Income

2,841,578.00

2,526,630.00

12%

Marketing Income

167,991.00

137,829.00

22%

Administrative and Operating Expenses

427,612.00

345,283.00

24%

Net Operating Income

2,581,957.00

2,319,176.00

11%

Other Income - Profit on Deposits

123,085.00

108,935.00

13%

Management fee

77,459.00

69,575.00

11%

Federal Excise Duty on Management Fee

-

11,132.00

Sindh Sales Tax on Management Fee

10,070.00

11,299.00

-11%

Trustee Remuneration

12,910.00

11,596.00

11%

Sindh Sales Tax on Trustee Remuneration

1,678.00

1,623.00

3%

Reversal of Provision for Workers' Welfare Fund

3,469.00

-

Charity Expense

250.00

2,236.00

-89%

Profit before change in Fair Value of Investment Property

2,606,144.00

2,320,650.00

12%

Change in Fair Value of Investment Property

1,180,976.00

15,421,988.00

-92%

Profit before Taxation

3,787,120.00

17,742,638.00

-79%

Taxation

-

-

Profit after Taxation for the Year

3,787,120.00

17,742,638.00

-79%

Earnings per unit - Distributable Income

1.17

1.04

13%

Earnings per unit - Un-distributable unrealized Fair Value Gains

0.53

6.94

-92%

Earnings per unit - Basic and diluted

1.70

1.98

-14%