Argo Exploration Limited announced audited consolidated earnings results for the year ended June 30, 2016. For the year, the company reported revenue of AUD 5,781 against AUD 1,091 a year ago. Profit before income tax expense was AUD 14,560,137 against AUD 225,562 a year ago. Profit after income tax expense for the half-year attributable to the owners of the company AUD 12,689,459 against AUD 225,562 a year ago. Diluted earnings per share were 7.95 cents against diluted loss per share of 0.18 cents a year ago. Net cash used in operating activities was AUD 500,875 against AUD 82,935 a year ago.