Flagship Investments Limited reported earnings results for the half year ended December 31, 2016. For the period, the company reported profit before income tax of AUD 585,000 against AUD 279,000 a year ago. Net profit after income tax for the year was AUD 585,000 against AUD 486,000 a year ago. Earnings per share basic and diluted were 2.29 cents against 1.92 cents a year ago. Net cash provided by operating activities was AUD 212,000 against AUD 605,000 a year ago. Revenue from activities was AUD 838,000 against AUD 850,000 a year ago. Net tangible asset backing per share was 181.6 cents compared to 185.6 cents a year ago.