Polo Resources Limited announced audited group earnings results for the year ended June 30, 2015. Group operating loss was $59,575,000 against $29,731,000 a year ago. Loss before taxation was $61,181,000 against $19,112,000 a year ago.

Retained loss for the year was $61,181,000 against $19,112,000 a year ago. Retained loss for the year attributable to equity holders of the parent was $60,824,000 against $16,280,000 a year ago. Diluted loss per share was 20.50 cents against 6.55 cents a year ago.

Net cash outflow from operating activities was $9,429,000 against $10,073,000 a year ago. The loss was significantly attributable to impairment of the group's investments, including associates, with a total $54.6 million written down against GCM Resources plc, Signet Petroleum Limited, Ironstone Resources Ltd. and Equus Petroleum Plc, and a charge of $3.5 million against the evaluation and exploration assets of its 90% owned Nimini Gold project in Sierra Leone.