Messer Tehnogas announced consolidated earnings results for the first half of 2016. For the period, the company’s net profit soared 64.4% on the year to IQD 865.4 million ($7.8 million/EUR 7.0 million), mainly due to lower costs. The company's operating revenue fell by an annual 4.0% to IQD 4.04 billion. Operating profit was IQD 963.6 million against IQD 625.7 million a year ago.