One BiH Company achieved record Revenues during last Year

March 12, 2018 4:30 PM

Company “Pobjeda Technology Goradze” that manufactures ammunition, achieved revenues in an amount of 20.406.562 BAM in 2017. This was a significant increase compared to 16,189,606 BAM in 2016.

What is a success for this company is that almost all revenues were generated from sales on the foreign markets.

When it comes to the net profit last year, the financial reports say that it amounted to 754,918 BAM. The previous year’s profit was 1.317.223 BAM.

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

Export of the intended industry of Bosnia and Herzegovina (BiH) has more than doubled in the last four years.

From January to December 2017, BiH exported merchandise goods, primarily weapon and ammunition, in amount of more than 193.000.000 BAM to other countries.

Only in December, almost 30.000.000 BAM were exported, which is an increase of 20 percent compared to November, while imports amounted to 14.000.000 BAM for the whole year.

According to the Statistics Agency of BiH, the 2017 export represents 113 percent of the 2016 export volume, which is an increase of 13 percent. Also, imports have grown, so it is recognized that they grow by 35 percent.

In 2016, our country has managed to sell weapon and ammunition abroad worth over 171.000.000. BAM, which again represented growth of 25 percent compared to 2015. Imports were rounded to 10.000.000 BAM.

(Source: biznisinfo)


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