Accordia Golf Trust announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported operating income of JPY 13,942 million against JPY 14,612 million a year ago. Revenue was JPY 13,803 million against JPY 14,485 million a year ago. Operating profit was JPY 3,345 million against JPY 3,715 million a year ago. Profit before tax was JPY 2,946 million against JPY 3,302 million a year ago. Profit for the period attributable to unit holders of the company was JPY 2,574 million against JPY 2,950 million a year ago. EBITDA was JPY 4,139 million against JPY 4,534 million a year ago. Net cash flows from operating activities were JPY 1,931 million against JPY 2,213 million a year ago. Acquisition of property, plant and equipment was JPY 641 million against JPY 474 million a year ago. Acquisition of intangible assets was JPY 50 million. EPU for the period based on the weighted average number of unit in issue was JPY 2.34 against JPY 2.68 a year ago. For the nine months, the company reported operating income of JPY 41,895 million against JPY 42,007 million a year ago. Revenue was JPY 41,441 million against JPY 41,718 million a year ago. Operating profit was JPY 8,999 million against JPY 8,893 million a year ago. Profit before tax was JPY 7,792 million against JPY 7,647 million a year ago. Profit for the period attributable to unit holders of the company was JPY 6,972 million against JPY 6,838 million a year ago. EBITDA was JPY 11,312 million against JPY 11,316 million a year ago. Net cash flows from operating activities were JPY 5,968 million against JPY 5,488 million a year ago. Acquisition of property, plant and equipment was JPY 1,539 million against JPY 1,396 million a year ago. Net asset value attributable to unit holders per unit as at 31 December 2017 was JPY 75.17 against JPY 73.04 as at 31 March 2017. EPU for the period based on the weighted average number of unit in issue was JPY 6.34 against JPY 6.22 a year ago.