Accordia Golf Trust announced consolidated earnings results for the second quarter and first half ended September 30, 2017. For the quarter, the company reported operating income of JPY 13,378 million against JPY 12,978 million a year ago. Operating profit was JPY 2,453 million against JPY 2,203 million a year ago. Revenue was JPY 13,125 million against JPY 12,913 million a year ago. Profit before tax was JPY 2,049 million against JPY 1,783 million a year ago. Profit after income tax was JPY 1,930 million against JPY 1,653 million a year ago. EBITDA was JPY 3,220 million against JPY 3,010 million a year ago. Profit for the period attributable to unit holders of the company was JPY 1,947 million against JPY 1,667 million a year ago. Net cash flows from operating activities was JPY 1,450 million against JPY 938 million a year ago. Acquisition of property, plant and equipment was JPY 748 million against JPY 832 million a year ago. Earning per unit was JPY 1.77 against JPY 1.52 reported last year. Net asset value attributable to unitholders per unit at the end of the period was JPY 74.20. For the first half, the company reported operating income of JPY 27,952 million against JPY 27,396 million a year ago. Revenue was JPY 27,637 million against JPY 27,234 million a year ago. Operating profit was JPY 5,654 million against JPY 5,178 million a year ago. Profit after income tax was JPY 4,428 million against JPY 3,927 million a year ago. Profit before tax was JPY 4,846 million against JPY 4,345 million a year ago. EBITDA was JPY 7,174 million against JPY 6,782 million a year ago. Profit for the period attributable to unit holders of the company was JPY 4,397 million against JPY 3,888 million a year ago. Net cash flows from operating activities was JPY 4,037 million against JPY 3,276 million a year ago. Acquisition of property, plant and equipment was JPY 898 million against JPY 922 million a year ago. Earning per unit was JPY 4.00 against JPY 3.54 reported last year.