Sterling Plantations Limited reported audited consolidated earnings results for the half year ended December 31, 2015. For the period, the company reported revenue of AUD 563,000 against AUD 377,000 a year ago. Loss before income tax was AUD 7,080,000 against AUD 4,097,000 a year ago.

Loss for the period is attributable to owners of the parent was AUD 6,248,000 or 9.61 cents per basic and diluted share against AUD 4,381,000 or 6.74 cents per basic and diluted share a year ago. The loss mainly reflects the fact that the plantation has yet to reach commercial maturity and, thus, continues to incur on-going plantation costs. Net cash flows used in operating activities was AUD 1,909,000 against AUD 2,458,000 a year ago.

Purchase of property, plant and equipment was AUD 648,000 against AUD 1,361,000 a year ago.