Cementarnica Usje announced consolidated earnings results for the first quarter ended March 2016. For the quarter, consolidated net profit jumped 48% on the year to MKD 171 million ($3.1 million/€2.8 million) on the back of higher operating revenue and lower financial expenses. Consolidated operating revenue rose 40% year-on-year to MKD 793.4 million. Operating profit rose 27% year-on-year to MKD 181 million in January-March.