Magnetite Mines Limited announced earnings results for the half year ended December 31, 2018. For the half year, the company announced total revenue was AUD 11,279 compared to AUD 11,847 a year ago. Net loss was AUD 796,059 compared to AUD 2.250 million a year ago. Basic loss per share was AUD 0.0011 compared to AUD 0.0041 a year ago.