Joint stock company VEF announced audited earnings results for the financial year ended December 31, 2016. For the year, the company reported Net turnover of EUR 1,297,712 compared to EUR 1,135,245 a year ago. Profit after corporate tax was EUR 304,985 compared to EUR 69,032 a year ago. Profit for the financial year was EUR 304,985 compared to EUR 34,947 a year ago. EPS was EUR 0.16 compared to EUR 0.013 a year ago. Net operating cash flow was EUR 202,149 compared EUR 180,714 a year ago. Acquisition of fixed and intangible assets was EUR 5,722 compared to EUR 31,400 a year ago.