Petrosibir AB reported group earnings results for the first quarter ended March 31, 2016. During the first quarter of 2016, the company's revenues amounted to SEK 4.433 million compared to SEK 6.324 million a year ago. Operating loss was SEK 4.214 million compared to SEK 823,000 a year ago. A lower price of Brent crude oil meant both lower revenues and lower production taxes. Net profit was SEK 1 million or SEK 0.02 per share compared to net loss of SEK 1 million or SEK 0.04 per share a year ago.