The Supervisory Board of the company Igman d.d. Konjic informed the shareholders about convening the 31st regular shareholders’ meeting on June 30th, 2023.
Among other things, one of the items on the agenda will be the decision to increase capital by increasing the nominal value of the shares.
A decision will also be made on the adoption of the annual business report for 2022, with reports, and the decision on the distribution of profits from 2022.
It should be recalled that the largest domestic company in the field of dedicated industry, Igman Konjic, achieved a significantly worse result last year than the year before. This is a surprise considering that we are used to Bosnia and Herzegovina’s (BiH) dedicated industry being on a constant rise.
In addition, it is a surprise because last year was, unfortunately, favorable for the manufacturers of weapons and ammunition due to the conflict in the world, primarily the one in Ukraine, and the increased armament of almost all countries in the world.
Moreover, the management of Igman has recently boasted that it has significantly improved and expanded production with large investments. This is why a new jump in key business parameters was expected, however, they are actually in decline.
Last year, the company achieved total revenues of 125 million BAM, which is even 25 million BAM less than the year before, when they were around 150 million BAM. Expenses were also reduced from around 143 to 121 million BAM.
Net profit, that is, net earnings, was halved from about 6.8 million to only 3.4 million BAM, Biznis Info reports.
E.Dz.
