Fersped reported earnings results for the first quarter of 2016. For the quarter, the company reported profit of MKD 3.4 million, down 49% year-on-year. The decrease was caused mainly by a 97% drop in financial revenues, while financial costs fell 30%, the company's quarterly non-consolidated financial statement filed with the Macedonian stock exchange earlier this week showed. Sales revenues fell 18% to MKD 578 million, leading to a 15% decline in operating revenues to MKD 596.6 million.