Colt CZ ups revenues to CZK23.4bn, net profit to CZK2bn

Prague/Uhersky Brod, South Moravia, March 25 (CTK) - Colt CZ Group SE (Colt CZ) saw its revenues grow by 4.6 percent year-on-year to CZK23.398bn last year, its net profit rising by 95.7 percent to CZK2.044bn, according to consolidated unaudited results the company made public today.

According to company representatives, the increase in revenues was driven by growth in ammunition deliveries as well as the consolidation of Sellier & Bellot.

The group's revenues from ammunition sales rose by 62.7 percent year-over-year to approximately CZK11.3bn last year. In contrast, the its revenues from weapons sales fell by 21.5 percent year-over-year to about CZK12.1bn. Colt CZ's net profit increased primarily due to higher operating profitability.

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