Makpetrol reported earnings results for the first quarter of 2016. For the quarter, the company reported net profit of MKD 39.6 million ($721,100/EUR 643,300) reversing a net loss of MKD 211.4 million a year ago. Consolidated operating revenue fell 19% year-on-year to MKD 3.5 billion. Operating profit reached MKD 32.5 million, reversing an operating loss of MKD 184 million a year ago.