PT Petrosea reported consolidated earnings results for the Period ended March 31, 2016. For the quarter, the company has posted revenue of $42.62 million against $64.64 million a year ago. Operating loss was $0.38 million against operating profit of $4.59 million a year ago.

Loss after tax attributable to the owners of the company was $3.39 million against profit after tax attributable to the owners of the company of $0.48 million a year ago. The company's revenues declined 34.06% year on year mainly due to lower overburden volumes.