Fersped reported consolidated earnings results for the first quarter ended March 2016. The company announced that its first quarter net loss shrank 42% on the year MKD to 37.6 million on the back of lower operatingand financial expenses. operating revenues fell 13% year-on-year to MKD 675 million in January-March, as sales revenues, which represent the bulk of them, dropped16% to MKD 653.2 million.