PannErgy Plc announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported that sales revenues were HUF 4,529,069,000 against HUF 2,726,364,000 a year ago. Operating profit was HUF 280,496,000 against of HUF 372,931,000 a year ago. Loss before taxation was HUF 130,797,000 against profit of HUF 216,531,000 a year ago. Net loss for the year was HUF 150,999,000 against profit of HUF 78,171,000 a year ago. Diluted loss per share was HUF 8.47 against earnings per share of HUF 4.28 a year ago. Net cash from operating activities was HUF 775,414,000 against net cash used in operating activities of HUF 173,410,000 a year ago. Purchase of property, plant and equipment and intangible assets was HUF 1,319,738,000. EBITDA was HUF 1,715,345,000 against HUF 1,614,002,000 a year ago. Return on equity was negative 1.70% against positive of 0.84% a year ago. Return on assets was negative 0.60% against positive of 0.29% a year ago.