Sadovaya Group S.A. reported unaudited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported revenue of $8,954, operating loss was $1,792,028, loss before tax was $17,791,615, net loss of $18,070,330 or $0.42 per share against revenue of $1,036,523, operating loss was $3,273,524, loss before tax was $38,700,833, net loss of $38,794,561 or $0.90 per share a year ago. Loss attributable to equity holders of the parent was $18,064,012 compared to $38,790,001 a year ago. Net cash flows used in operating activities was $116,733 compared to $19,355 a year ago.