Flagship Investments Limited reported audited earnings results for the year ended June 30, 2016. For the year, the company reported profit before income tax of $583,000 against $845,000 a year ago. Profit for the year was $742,000 against $1,032,000 a year ago. Earnings per share basic and diluted were 3.0 cents against 4.2 cents a year ago. Net cash provided by operating activities was $962,000 against net cash used in operating activities of $60,000 a year ago.