Magnus Energy Group Ltd. reported unaudited group earnings results for the second quarter and six months ended December 31, 2016. For the quarter, revenue was SGD 4.4 million against SGD 6.4 million last year. Loss before income tax was SGD 1.7 million against profit before income tax of SGD 0.5 million last year. Net loss attributable to equity holders of the company was SGD 1.35 million or 0.04 cents per share against SGD 0.06 million or 0.01 cents per share last year. For the six months, revenue was SGD 7.7 million against SGD 12.1 million last year. Loss before income tax was SGD 2.5 million against SGD 2.9 million last year. Net loss attributable to equity holders of the company was SGD 2.2 million or 0.07 cents per share against SGD 2.7 million or 0.55 cents per share last year. Net cash used in operating activities was SGD 6,000 against SGD 6,213,000 last year. Purchase of plant and equipment was SGD 7,243,000 against SGD 364,000 last year. Payment of petroleum exploration expenditure was SGD 190,000 against SGD 1,087,000 last year. Net asset value per ordinary share was 0.63 cents.