GOL Offshore Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2016. For the quarter on standalone basis, income from operation was INR 1,514.7 million against INR 3,011.4 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 208.6 million against profit of INR 395.3 million a year ago. Loss from ordinary activities before tax was INR 7,944.3 million against INR 95.9 million a year ago. Net loss was INR 7,901.1 million or INR 212.17 per basic and diluted share against net profit of INR 29.7 million or INR 0.80 per basic and diluted share a year ago. For the year on standalone basis, income from operation was INR 9,258.7 million against INR 10,483.8 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 617.2 million against INR 1,841.7 million a year ago. Loss from ordinary activities before tax was INR 8,440.6 million against INR 164.7 million a year ago. Net loss was INR 8,355.7 million or INR 224.37 per basic and diluted share against INR 127.9 million or INR 3.43 per basic and diluted share a year ago. For the year on consolidated basis, income from operation was INR 9,615.1 million against INR 12,493.1 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 98.8 million against INR 2,228.5 million a year ago. Loss from ordinary activities before tax was INR 7,095.5 million against INR 1,597.6 million a year ago. Net loss was INR 6,934.2 million or INR 186.20 per basic and diluted share against INR 1,776.6 million or INR 47.71 per basic and diluted share a year ago.