Payton Planar Magnetics Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. Sales revenues for the first quarter of 2016 totalled USD 6,570,000 compared to USD 6,185,000 on March 31, 2015. The first quarter 2016 operating income totals amounted to USD 703,000 compared to an operating income of USD 864,000 for the same period last year. Profit before income taxes was USD 786,000 against USD 781,000 a year ago. Net profit was USD 637,000 or USD 0.04 per basic share against USD 603,000 or USD 0.03 per basic share a year ago. For the first three months of 2016, cash flows used for operating activities for the three-month period ended March 31, 2016 amounted to USD 191,000, compared with cash flows generated from operating activities of USD 1,067,000 for the three-month period ended March 31, 2015. The decrease in these cash flows resulted mostly from the increase in trade accounts receivable. Investment in fixed assets was USD 154,000 against USD 843,000 a year ago.