Avangardco Investments Public Limited announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company's consolidated revenue was $53,716,000. EBITDA was $12,897,000. Operating profit was $12,762,000. Net loss was $9,815,000.

For the year, the company's revenue was $229,924,000 against $419,618,000 a year ago. Loss from operating activities was $87,104,000 against profit of $84,116,000 a year ago. Loss before tax was $159,270,000 against $28,093,000 a year ago. Loss for the year was $158,390,000 against $26,918,000 a year ago. Loss attributable to owners of the company was $154,640,000 against $26,103,000 a year ago. Loss per share- basic and diluted was $24 against $4 a year ago. Net cash generated from operating activities was $1,215,000 against $41,171,000 a year ago. Payments and receipts - property, plant and equipment was $37,446,000 against $77,030,000 a year ago. Net debt amounted to $305.0 million against $225.9 million a year ago.

In 2016 the Company will focus on ensuring profitability and competitiveness of its business in the current challenging environment and the fulfillment of its financial obligations.