National Agricultural Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported turnover of RMB 159,876,000 compared to RMB 116,767,000 a year ago. Loss before tax was RMB 621,815,000 compared to RMB 23,170,000 a year ago.

Loss attributable to owners of the company was RMB 607,921,000 compared to RMB 32,759,000 a year ago. Basic and diluted loss per share was 33.82 cents compared to 2.47 cents a year ago. The loss was mainly attributable to the loss on initial recognition of warrants (RMB 424,850,000) and impairment loss of financial lease receivables (RMB 71,011,000), loan receivables (RMB 54,952,000) and amount due from a related party (RMB 40,000,000).