PJSC Magadanenergo announced financial results for the first quarter of 2017. For the period, basis the company reported net loss decreased by 45.05% to RUB 369.809 million from RUB 673.035 million for the same period in 2016. Revenue increased by 20.24% to RUB 2.515 billion from RUB 2.092 billion, sales loss decreased by 48.5% to RUB 381.914 million from RUB 741.55 million, loss before tax by 46.59% to RUB 433.748 million from RUB 812.09 million.