Padenga Holdings Limited announced unaudited earnings results for the six months ended June 30, 2016. For the period, the company reported revenue of $6,108,323 against $4,303,071 a year ago. Operating loss before depreciation and amortisation was $3,001,837 against $2,570,123 a year ago. Profit before taxation was $2,795,227 against $3,146,923 a year ago. Profit attributable to shareholders was $2,348,261 against $2,132,073 a year ago. Cash utilised in operations was $1,518,697 against $598,863 a year ago. Capital expenditure was $1,337,490 against $2,377,813 a year ago. Diluted earnings per share were 0.43 cents against 0.39 cents a year ago. Net cash utilised in operations was $2,940,574 against $1,517,511 a year ago. This increase in cash utilisation was a consequence of a strategic decision to increase stockholdings of critical inputs in the Zimbabwe operation.