PJSC Magadanenergo reported earnings results for the six months of 2016. For the period, the company reported net loss of the company for first half of 2016 decreased by 11.09% to RUB 1.035 billion from RUB 1.164 billion for the same period in 2016. Revenue increased by 22.54% to RUB 3.86 billion from RUB 3.15 billion, sales loss decreased by 23.61% to RUB 1.251 billion from RUB 1.638 billion, loss before tax by 11.92% to RUB 1.228 billion from RUB 1.394 billion. IFRS net loss of PJSC Magadanenergo for 2015 grew by 76.36% to RUB 1.425 billion from RUB 808 million the year before. Revenue increased by 3.95% to RUB 11.054 billion from RUB 10.634 billion, loss from operations by 65.55% to RUB 1.086 billion from RUB 656 million, loss before tax by 72.91% to RUB 1.43 billion from RUB 827 million.