US Select Private Opportunities Fund II announced earnings results for the first half year ended September 30, 2016. For the period, the company announced revenue from ordinary activities of AUD 134,563 compared to AUD 168,852 a year ago. Profit before income tax expense was AUD 2,766,760 compared to AUD 12,940,158 a year ago. Profit after income tax expense attributable to the owners of the fund was AUD 928,180 or 1.68 cents per basic and diluted share compared to AUD 12,940,158 or 23.45 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 435,996 compared to AUD 283,942 a year ago. Net tangible assets per unit were AUD 1.99.