PannErgy Plc reported unaudited consolidated earnings results for the first half ended June 30, 2016. For the period, the company reported sales revenue of HUF 2,129 million against HUF 1,326 million a year ago. Operating profit was HUF 107 million against HUF 112 million a year ago. EBITDA was HUF 734 million against HUF 470 million a year ago. Loss before taxes was HUF 226 million against HUF 1 million a year ago. Net loss was HUF 252 million or HUF 13.78 per basic and diluted share against HUF 58 million or HUF 3.18 per basic and diluted share a year ago. Loss after tax to capital shareholders of the parent company was HUF 252 million against HUF 58 million a year ago. Net liquid assets originating from operations was HUF 491 million compared to HUF 2,775 million a year ago. Acquisition of tangible and intangible assets was HUF 84 million compared to HUF 3,192 million a year ago. The increase in revenue was due to the fact that besides the Miskolc Geothermal System, the Gyr Geothermal System although still not reaching its planned capacity usage was also fully operating during the entire period.