Argo Exploration Limited announced unaudited consolidated earnings results for the half-year ended December 31, 2015. For the half-year, the company reported revenue of AUD 1,294 against AUD 703 a year ago. Profit before income tax expense was AUD 18,209,000 against loss before income tax expense of AUD 619,699 a year ago.

Profit after income tax expense for the half-year attributable to the owners of the company AUD 15,207,889 against loss after income tax expense attributable to the owners of the company of AUD 619,699 a year ago. Diluted earnings per share were 8.79 cents against diluted loss per share of 0.49 cents a year ago. Net cash used in operating activities was AUD 24,407 against AUD 46,613 a year ago.