Okta announced earnings results for the first half of 2016. The company's first-half net profit jumped 35% on the year to MKD 158.8 million ($2.9 million/EUR 2.6 million) on the back of lower costs of goods sold. The company's sales revenue fell 11% year-on-year to MKD 8.07 billion in January-June, whereas costs of goods sold declined 13% to MKD 7.4 billion. Hence, operating profit increased 90% to MKD 222.2 million.