Bagir Group Ltd. announced consolidated final earnings results for the year ended December 31, 2015. For the year, the company's revenues from sales were $75.207 million compared with $96.982 million a year ago. Operating loss was $8.688 million compared with $0.515 million a year ago.

Loss before taxes on income was $11.695 million compared with $3.217 million a year ago. Loss was $11.651 million compared with $3.178 million a year ago. Loss attributable to equity holders of the company was $11.651 million or $0.23 per basic and diluted share compared with $3.178 million or $0.09 per basic and diluted share a year ago.

Net cash used in operating activities was $0.029 million compared with $9.840 million a year ago. Purchase of property, plant and equipment was $0.112 million compared with $0.148 million a year ago. Addition to intangible assets was $0.617 million compared with $0.150 million a year ago.

Adjusted operating loss and loss before tax was $4.9 million and $7.9 million respectively, compared with adjusted operating profit of $3.3 million and loss before tax of $0.5 million respectively for 2014. As on December 31, 2015, the company's net debt was $13.8 million.