Arowana Australasian Value Opportunities Fund Ltd. announced unaudited earnings results for the half year ended December 31, 2015. For the period, the company's total income was AUD 2.3 million. Profit before income tax expenses/(benefit) was AUD 1.9 million compared with loss of AUD 0.04 million a year ago.

Profit after income tax for the period attributable to the owners of the company was AUD 1.3 million or 2.69 cents per basic and diluted share compared with loss of AUD 0.04 million or 0.08 cents per basic and diluted share a year ago. Net cash outflow from operating activities was AUD 12.4 million. EBIT was AUD 1.6 million.

As on December 31, 2015, the company's net tangible asset backing per ordinary security was 102.3 cents.