Avangardco Investments Public Limited reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported consolidated revenue amounted to USD 79.6 million, an increase of 48% year on year against USD 53.7 million a year ago. Operating profit amounted to USD 7.5 million, a decrease of 41% year on year against USD 12.8 million a year ago. EBITDA of USD 11.3 million, a decline of 12% year on year against USD 12.9 million. Net loss amounted to USD 17.8 million against USD 9.8 million a year ago. EBITDA was USD 11,307,000 against USD 12,897,000 a year ago. For the full year, the company reported revenue of USD 191,304,000 against USD 229,924,000 a year ago. Loss from operating activities was USD 14,880,000 against USD 87,104,000 a year ago. Loss before tax was USD 59,957,000 against USD 159,270,000 a year ago. Profit attributable to owners of the company was USD 56,978,000 against USD 154,640,000 a year ago. Loss per basic and diluted was USD 9 against USD 24 a year ago. Net cash used in operating activities was USD 3,255,000 against net cash used in generated from operating activities USD 1,215,000 a year ago. EBITDA was USD 1,486,000 against LBITDA of USD 1,417,000 a year ago. Net debt amounted to USD 331.5 million against USD 305.0 million a year ago.