Molopo Energy Limited announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company's profit before income tax was AUD 0.62 million compared with loss before income tax of AUD 4.9 million a year ago. Profit from continuing operations was AUD 0.55 million or 0.18 cents per basic and diluted share compared with loss of AUD 4.9 million or 2.50 cents per basic and diluted share a year ago.

Profit for the period was AUD 0.46 million or 0.22 cents per basic and diluted share compared with loss of AUD 6.2 million or 1.99 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 2.2 million compared with AUD 4.4 million a year ago.