Pobjeda Technology arms maker increases revenue by 4 million KM


The company Pobjeda Technology Gorazde, which manufactures ammunition, had a turnover of 20,406,562 last year. This is a significant increase compared to 16,189,606 KM a year earlier.

Almost all revenues were generated from sales on the foreign market.

Net profit last year was 754,918 KM, BiznisInfo reports on the basis of the financial report. The previous year's profit was 1,317,223 KM.

The majority owner is Grasso Holdings Inc. with around 50 percent of shares.