Urals Energy Public Company Limited reported unaudited group earnings and production results for the six months ended June 30, 2016. For the period, the company reported revenues after excise taxes and export duties of $7,525,000 compared to $7,214,000 for the same period ended June 30, 2015. Profit before income tax was $3.91 million, compared to $225,000 for the same period ended June 30, 2015. Profit attributable to owners of the parent was $3.38 million, or $0.01 per share, compared to a loss attributable to owners of the parent of $77,000, or $0 per share, for the same period ended June 30, 2015. Operating profit was $592,000, compared to an operating loss of $57,000 for the same period ended June 30, 2015. Normalised management EBITDA was $2,226,000 compared to $1,323,000 a year ago. As at June 30, 2016, the Company had net debt of $9.6 million.

For the six months, the company's total production at Petrosakh of 240,143 bbls against 196,890 bbls a year ago. Total production at Arcticneft was 122,491 bbls against 124,697 bbls a year ago. Current daily production at Arcticneft is 673 BOPD compared to 689 BOPD a year ago. Current daily production at Petrosakh is 1,319 BOPD compared with an average of 1,088 BOPD a year ago.