Zenitel N.V. announced consolidated earnings results for the full year ended December 31, 2015. For the period, the company reported revenues of EUR 66,498,000 compared with EUR 67,375,000 for the same period a year ago. Operating profit was EUR 2,649,000 compared with EUR 2,721,000 for the same period a year ago. Profit before tax was EUR 2,295,000 compared to EUR 1,799,000 a year ago. Profit for the year was EUR 7,329,000 or EUR 0.22 per share compared with EUR 2,214,000 or EUR 0.07 per share for the same period a year ago. Net cash generated from operating activities was EUR 7,615,000 compared with EUR 5,498,000 for the same period a year ago. Payments for property, plant and equipment was EUR 576,000 compared with EUR 1,161,000 for the same period a year ago. Payments for intangible assets were EUR 2,136,000 compared with EUR 1,601,000 for the same period a year ago. EBITDA was EUR 4.9 million compared to EUR 4 million a year ago. EBIT was EUR 2.6 million compared to EUR 2.7 million a year ago. Profit from continuing operations was EUR 2,200,000 against EUR 1,577,000 a year ago.

The global economic environment will remain challenging in 2016, especially in the Oil & Gas markets. The company will stay focused on strategy and continue to optimize organization to continue to generate profitable growth.