Novo Group Ltd. announced unaudited group earnings results for the first quarter ended July 31, 2016. For the quarter, the company reported revenue was USD 22,433,000 against USD 16,870,000 a year ago. Profit before tax was USD 2,392,000 against loss of USD 3,032,000 a year ago. Profit from continuing operations for the period was USD 2,385,000 against loss of USD 3,038,000 a year ago. Profit attributable to owners of the company was USD 2,514,000 against loss of USD 3,166,000 a year ago. Diluted earnings per share were 1.47 cents against loss of 1.85 cents a year ago. Net cash used in operating activities was USD 362,000 against USD 1,755,000 a year ago. Purchase of property, plant and equipment was USD 6,000 against USD 119,000 a year ago.