US Select Private Opportunities Fund II, L.P. announced audited earnings results for the year ended March 31, 2016. For the year, the company announced revenue of AUD 232,268 compared to AUD 168,852 a year ago. Profit before income tax expense was AUD 648,960 compared to AUD 27,298,729 a year ago. Net loss from ordinary activities attributable to unitholders was AUD 2,398,432 or 4.35 cents per basic and diluted share compared to profit of AUD 27,298,729 or 54.70 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 680,711 compared to AUD 461,547 a year ago. Loss from ordinary activities after tax attributable to unitholders was AUD 2,398,432 against profit of AUD 27,298,729 a year ago. The fund’s net assets were at AUD 2.05 per unit as at March 31, 2016, representing a loss of 2.3% for the year inclusive of distribution.