Advance Frontier Markets Fund Limited announced unaudited earnings results for the six months ended December 31, 2015. For the period, the company reported net investment loss of $22,914,000 compared with $17,336,000 for the same period a year ago. Net loss before tax was $23,927,000 compared with $16,517,000 for the same period a year ago.

Net loss after tax was $23,937,000 or 14.13 cents per ordinary share compared with $16,648,000 or 9.82 cents per ordinary share for the same period a year ago. Net cash flow from operating activities was $7,183,000 compared with $11,509,000 for the same period a year ago.