Skopski Pazar announced earnings results for the first quarter ended March 2016. The company reported its net profit halved to MKD 5.5 million ($101,300 or €89,300) in the first quarter. The company's total revenue plunged 30% on the year to MKD 190.3 million, on the back of a 30% drop in sales revenue to MKD 179.1 million. The company's operating profit fell 36% on the year to MKD 13.8 million.