Makedonski Telekom reported earnings results for the year 2016. Net profit for 2016 declined 17% to MKD 1.04 billion ($17.8 million/€16.9 million). The company's operating revenue dropped 1% to MKD 10.6 billion, whereas operating costs added 1% to MKD 9.4 billion. Thus, the company's operating profit fell 13% to MKD 1.24 billion.