Magadanenergo announced earnings results for the nine months of 2016. The 9-month net losses at the company rallied down (RAS) RUB 433.375 million from RUB 1.29 billion prior year period. The revenues moved up 24.29% to RUB 5.859 billion from RUB 4.714 billion. Losses from sales plunged 36.46% to RUB 1.233 billion from RUB 1.94 billion. Pretax losses were to RUB 451.08 million from RUB 1.522 billion.