Kina Petroleum Limited announced audited consolidated earnings results for the half year ended June 30, 2016. For the period, the company reported revenue of USD 2,678 against USD 121,254 in the previous year. Loss before income tax was USD 1,454,308 compared to USD 1,364,238 a year ago. Loss after Income tax attributable to members of the parent entity was USD 1,454,308 compared to USD 1,364,238 a year ago. Total comprehensive loss for the year attributable to owners of the parent entity was USD 1,445,907 compared to USD 1,459,757 a year ago. Basic and diluted loss per share was 0.47 cents compared to 0.44 cents a year ago. Net cash used In operating activities was USD 582,915 compared to USD 706,807 a year ago. Exploration and evaluation expenditure was USD 883,657 compared to USD 2,348,041 a year ago. Development expenditure was USD 296,784 compared to USD 1,098,985 a year ago.