PJSC Magadanenergo reported earnings results for the first quarter of 2016. For the quarter, RAS net loss decreased by 0.03% to RUB 673.035 million from RUB 673.22 million for the same period in 2015. Revenue increased by 26.3% to RUB 2.092 billion from RUB 1.656 billion, sales loss decreased by 12.36% to RUB 741.55 million from RUB 846.091 million, loss before tax increased by 0.02% to RUB 812.09 million from RUB 811.92 million.