Global Value Fund Limited reported earnings results for the half year ended December 31, 2017. For the half year, the company total income was AUD 7,824,645 compared to AUD 13,788,335 a year ago. Profit before income tax was AUD 5,357,315 compared to AUD 10,830,389 a year ago. Profit attributable to members of the company was AUD 4,079,241 or 3.36 cents per diluted share compared to AUD 7,632,789 or 7.43 cents per diluted share a year ago. Net cash used in operating activities were AUD 14,704,866 compared to AUD 2,533,605 a year ago. Net tangible assets backing per share after tax was AUD 1.09 compared to AUD 1.10 a year ago. Net tangible assets backing per share before tax was AUD 1.11 compared to AUD 1.13 a year ago.