Equatorial Resources Limited reported consolidated earnings results for the half year ended December 31, 2016. For the period, the company reported revenue of AUD 589,446 against AUD 559,455 a year ago. Loss before income tax was AUD 136,684 against AUD 1,218,996 a year ago. Loss attributable to members of the company was AUD 136,684 or 0.11 cents per basic and diluted share against AUD 1,218,996 or 0.98 cents per basic and diluted share a year ago. This result is partly attributable to business development expenses of AUD 365,983 incurred in respect of business development activities conducted by the Group, including costs relating to international travel, site visits, due diligence, technical reviews, legal fees and overhead expenses in relation to its assessment during the half year of various new business opportunities in the resources sector. Net cash flows from operating activities were AUD 398,625 against net cash flows used in operating activities of AUD 1,942,160 a year ago.