SARAJEVO (Bosnia and Herzegovina), July 25 (SeeNews) - Bosnia's majority state-owned arms manufacturer Igman Konjic [SAJ:IGKC] said its net profit fell 40.5% on the year to 2.8 million marka ($1.5 million/1.4 million euro) in the first half of 2022.
Operating income dropped 31.4% year-on-year to 47 million marka in the first six months of 2022, while operating costs decreased 37.6% to 44.6 million marka, the company said in a filing with the Sarajevo Stock Exchange (SASE) on Friday.
Financial revenue rose 47.2% to 1.7 million marka in the January-June period, whereas financial costs increased to 741,217 marka from 254,417 marka in the first six months of 2021.
Bosnia's Federation government owns a 51% stake in Igman, while the remainder is controlled by investment funds and individual shareholders.
Igman's shares last traded on the SASE on July 8, when they closed 2.44% lower at 160 marka, bourse data showed.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other is the Serb Republic.
(1 euro = 1.95583 marka)