Russian Sea Group reported earnings results for the year 2011. For the period, the company has reported RUB 486.7 million in net losses, almost halving from RUB 899.2 million for 2010. The group's sales revenue increased by 7.6% to RUB 18.56 billion. The company's positive EBITDA came to RUB 117.1 million compared to EBITDA losses of RUB 556 million for 2010.