China Magnesium Corporation Limited reported audited consolidated earnings results for the year ended June 30, 2017. For the year, the company reported revenue from continuing operations of AUD 1,839,341 against AUD 11,350 a year ago. Loss before income tax was AUD 986,526 against AUD 2,022,071 a year ago. Loss for the year is attributable to owners of the parent was AUD 848,201 or 0.3 cents per basic and diluted per share against AUD 1,843,998 or 0.9 cents per basic and diluted per share a year ago. Net cash outflows from operating activities were AUD 875,492 against AUD 2,115,345 a year ago. Payments for property plant and equipment were AUD 192,782 against AUD 488,025 a year ago. Net tangible assets per security were 3.8 cents compared to 4.8 cents a year ago.