Tikves announced earnings results for the first half of 2016. For the first quarter, the company reported consolidated net profit rose 22% year-on-year to MKD 17.2 million on the back of higher sales. The company's operating profit grew by an annual 8% to MKD 56.6 million. Its sales revenues rose 9% on the year to MKD 623.5 billion, as MKD 330.3 million were generated on the domestic market, whereas the rest came from sales abroad.