Bagir Group Ltd. announced consolidated earnings results for the year ended December 31, 2016. For the year, the company's revenues from sales were $64,071,000 compared with $75,207,000 a year ago. Operating loss was $346,000 compared with $8,688,000 a year ago. Profit before taxes on income was $9,869,000 compared with loss of $11,695,000 a year ago. Net income for the year was $9,901,000 compared with loss of $11,651,000 a year ago. Profit attributable to equity holders of the company was $9,901,000 or $0.11 per basic and diluted share compared with loss of $11,651,000 or $0.23 per basic and diluted share a year ago. Net cash used in operating activities was $60,000 compared with $29,000 a year ago. Purchase of property, plant and equipment was $375,000 compared with $112,000 a year ago. Addition to intangible assets was $43,000 compared with $617,000 a year ago. Adjusted operating income before $1.4 million amortization of intangible assets compared to $2.4 million. Capital expenditures were $418,000 compared with $4,175,000 a year ago.