Payton Planar Magnetics announced consolidated financial results for the year ending December 31, 2016. For the year, the company reported sales revenues were USD 32.354 million compared with USD 27.372 million in year 2015, an increase of 18%. The sales increase in 2016 was mainly attributed to increasing demand in few major projects. The profit before income taxes was USD 5.36 million compared to a profit of USD 4.099 million in 2015. The total result was a profit of USD 4.253 million or USD 0.24 per share compared to USD 3.304 million or 0.19 per share in 2015. Cash flows generated from operating activities amounted USD 4.5558 million compared to USD 6.225 million for the year ended December 31, 2015. The decrease in the cash flows from operating activities resulted mostly from the increase in trade accounts receivable (due to sales increase near the report date) as well as from other changes in assets and liabilities. Investment in fixed assets was 0.651 million compared to USD 1.120 million a year ago. Operating profit was USD 5.217 million against USD 4.095 million a year ago.