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Reading: Story of the Month: Success of the Technical Repair Institute Hadzici
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Sarajevo Times > Blog > BUSINESS > Story of the Month: Success of the Technical Repair Institute Hadzici
BUSINESS

Story of the Month: Success of the Technical Repair Institute Hadzici

Published August 1, 2023
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The domestic company that was on the verge of survival for years – Technical Repair Institute Hadzici – and which was reborn last year, continued to grow its income this year.

It should be recalled that after several years of business torture, losses, and business on the verge of survival, last year the company increased the number of employees, generated millions of BAM, and made a profit.

It is a company that operates within the dedicated industry of the Federation of Bosnia and Herzegovina (FBiH).

In the first half of 2023, the company achieved total revenues of 3.4 million BAM, compared to around 800 thousand BAM from the same period last year.

Admittedly, expenses also increased significantly, from about one million to 4.7 million BAM, among other things due to the increase in the number of workers. Therefore, in the first half of the year, a minus of 1.3 million BAM was realized.

However, the increase in income and the number of workers are certainly an encouraging sign for the future.

It should be mentioned that the company’s operating income last year was 4.7 million BAM, which is a significant increase compared to previous years. For the sake of comparison, in 2021, the income was only about 860 thousand BAM.

If the trend from the first half of 2023 continues, then this year’s revenues will greatly exceed those of 2022.

The number of workers in 2022 has more than doubled, from 32 to 85.

Namely, this recovery can be attributed to the new director who came to the company, Ismo Hebibovic. Immediately after his arrival, Hebibovic started to establish order and develop the company, and this report officially confirms that, Biznis Info reports.

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