Makedonski Telekom AD reported earnings results for the first half ended June 2016. For the period, the company reported that net profit fell by an annual 53% to MKD 258.9 million. The company's operating revenue ticked up 1% on the year to MKD 5.13 billion, whereas operating costs rose 7% to MKD 4.8 billion, resulting in an operating profit of MKD 358.6 million, down 44% year-on-year. The company's financial revenues plunged 62% to MKD 11.4 million in the review period.