Urals Energy PCL announced audited financial and production results for the year ended December 31, 2016. For the year, the company's gross revenue before excise and export duties was $35.3 million against $31.4 million a year ago. Operating profit was $2.0 million against $3.3 million a year ago. Normalized EBITDA was $7.8 million against $7.7 million a year ago. Profit for the year was $8.0 million against loss of $4.1 million a year ago. Net profit before income tax of $5.9 million against loss of $4.3 million a year ago. As at December 31, 2016, the company had net debt of $5.1 million. Net revenue before excise and export duties was $29.1 million against $27.2 million a year ago.

For the year, the company's total production was 756,708 barrels against 675,318 barrels a year ago.