Novo Group Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended October 31, 2016. For the quarter, the company reported revenue was USD 26,315,000 compared to USD 39,531,000 a year ago. Loss before tax was USD 2,060,000 compared to USD 4,501,000 a year ago. Loss attributable to owners of the company was USD 2,026,000 or 1.12 cents per basic and diluted share compared to USD 4,588,000 or 2.69 cents per basic and diluted share a year ago. Net cash used in operating activities was USD 473,000 compared to USD 15,931,000 a year ago. Purchase of property, plant and equipment was USD 6,000 against USD 386,000 a year ago. For the six months, the company reported revenue was USD 48,748,000 compared to USD 56,401,000 a year ago. Profit before tax was USD 332,000 compared to loss of USD 7,533,000 a year ago. Profit attributable to owners of the company was USD 488,000 or 0.27 cents per basic and diluted share compared to loss of USD 7,754,000 or 4.54 cents per basic and diluted share a year ago. Net cash used in operating activities was USD 1,050,000 compared to USD 17,686,000 a year ago. Purchase of property, plant and equipment was USD 12,000 against USD 505,000 a year ago.