Tenon Limited reported unaudited consolidated earnings results for the six months ended December 31, 2015. For the period, the company reported revenue of $210 million compared to $209 million a year ago. Operating profit before financing costs was $9 million compared to $4 million a year ago. Profit before taxation was $7 million compared to $2 million a year ago. Net profit after taxation was $6 million compared to $2 million a year ago. Basic and diluted net earnings per share were 9.1 cents compared to 3.7 cents a year ago. Net cash from operating activities were $11 million compared to $6 million a year ago. Purchase of fixed assets was $3 million compared to $3 million a year ago. EBITDA was $10 million compared to $6 million a year ago.

For 2016, EBITDA and net earnings targeted to materially improve. Earnings objective is for EBITDA in the second half of the current fiscal year 2016 to exceed this first six months reported result. This is consistent with previously stated fiscal 2016. EBITDA target of in excess of $20 million. Mid-cycle EBITDA guidance of in excess of $50 million.