Indika Energy (INDY) booked net loss of US$67.59 million last year, expanded by 51.6% from 2015 due to falling sales revenues and squeezed margins. Unlike other coal miners and mining contractors, Indika reported a disappointing fourth quarter. Sales revenues dropped 17.7% in the quarter, while net loss skyrocketed 172% to US$51 million in the quarter.To subscribe please click here