Australian Agricultural Projects Limited announced consolidated earnings and production results for the year ended June 30, 2016. For the year, the company announced revenue of $3,460,844 compared to $3,469,505 for the same period a year ago. Profit before income tax was $380,957 compared to $568,280 for the same period a year ago. Net profit after income tax was $380,957 compared to $568,280 for the same period a year ago. Diluted Earnings per share was 0.25 cents compared to 0.37 cents a year ago. Net cash provided by operating activities was $365,871 compared to $202,189 for the same period a year ago. Payments for property, plant and equipment was $155,950 compared to $6,568 for the same period a year ago. Net tangible asset backing per ordinary security was 3.57 cents compared to 3.32 cents a year ago. EBITDA attributable to AAP was $819,599 $1,400,654 a year ago.

For the period, the company reported that its total harvest was 845,900 litres against 951,700 litres a year ago.