Argo Exploration Limited announced unaudited consolidated earnings results for the half-year ended December 31, 2016. For the half-year, the company reported revenue of AUD 3,980 against AUD 1,294 a year ago. Loss before income tax expense was AUD 8,983,998,000 against profit before income tax expense of AUD 18,209,000 a year ago. Loss after income tax expense for the half-year attributable to the owners of the company was AUD 7,113,321 against profit after income tax expense attributable to the owners of the company of AUD 15,207,889 a year ago. Diluted loss per share were 3.89 cents against diluted earnings per share of 8.79 cents a year ago. Net cash used in operating activities was AUD 105,569 against AUD 24,407 a year ago.