BC Iron Limited reported consolidated earnings results for the half year ended December 31, 2011. For the period, the company reported total revenue from continuing operations of AUD 63,449,823 against AUD 1,010,322 a year ago. Profit before income tax was AUD 8,919,230 against AUD 629,594 a year ago. Profit for the half year was AUD 5,449,807 against AUD 1,261,554 a year ago. Total comprehensive profit attributable to the owners of the company was AUD 5,449,807 against AUD 1,261,554 a year ago. Diluted earnings per share were 5.49 cents against 1.62 cents a year ago. Net cash inflow from operating activities was AUD 26,517,882 against AUD 1,645,719 a year ago. Payments for plant & equipment were AUD 8,514,533 against AUD 10,587,105 a year ago. The earnings before interest, tax, depreciation and amortization (EBITDA) of the Group for the half year is AUD 12,259,664 against AUD 558,233 a year ago. The company expects net profit before tax to be significantly stronger in second half of fiscal 2012. The company expects its financial performance during second half of fiscal 2012 to continue to improve as the NJV ramps up its operations towards its targeted production rate of 5Mtpa and reduces its operating costs.