Urals Energy PCL announced its audited financial results for the year ended December 31, 2015. For the period, the company's gross revenue before excise and export duties was $31.4 million against $58.2 million a year ago. Operating profit was $3.37 million against $1.17 million a year ago. EBITDA was $7.7 million against $8.1 million a year ago. Loss for the year was $4.1 million against $13.7 million a year ago. Net loss before income tax was $4.3 million against $16.1 million a year ago, caused by exchange rate movements during both 2015 and 2014. As at December 31, 2015, the company had net debt of $2.2 million. Net revenue before excise and export duties was $27.2 million against $44.5 million a year ago.

For the period, the company's total production was 675,318 barrels against 662,215 barrels a year ago.