PJSC Magadanenergo reported earnings results for 2016. For the year, the company's RAS net loss decreased 10.68 times to RUB 99.16 million from RUB 1.059 billion the year before. Revenue increased by 21.35% to RUB 8.439 billion from RUB 6.954 billion, sales loss decreased by 39.07% to RUB 1.431 billion from RUB 2.349 billion, pre-tax profit was RUB 7.164 billion against a loss of RUB 1.204 billion in 2015.