|Group Revenue for the year ended 31 December 2016, decreased by US$8,4m or 19,4% to reach the level of US$34,9m compared to US$43,3m in 2015. Sales in Europe increased by 8,9% or US$0,8m to reach the level of US$9,4m compared to US$8,6m in 2015. Sales in the CIS and Baltics decreased by US$2,6m or 17,3%, reaching the level of US$12,5m, compared to US$15,1m in 2015. Sales in the rest of the world decreased by US$6,6m or 33,6%, reaching the level of US$13,0m, compared to US$19,6m in 2015.
The Group’s Gross Profit for the year, after charging product, transportation and insurance costs decreased to US$24,8m compared to US$33,8m in 2015. The Gross Profit margin achieved in 2016 was 71% (2015: 78%).
The loss of the Group attributable to the shareholders of the Parent Company for the year 2016 amounted to US$4.095.847 (2015: US$3.525.651 loss).