September 26 (SeeNews) - Bosnia's Federation defence industry saw a 3% decline in its 2018 profit to 36 million marka ($20.2 million/18.4 million euro), the Federation's government said on Thursday.
The government did not clarify in a statement on its website if the figure refers to the profit in net terms .
Total revenue of defence companies in the Federation were flat at 285.9 million kuna in 2018, while their total costs edged up 1% to 249.9 million kuna, the statement said.
The exports of the defence companies grew by 4% to 210.1 million marka last year, it added.
The industry's total liabilities rose 9% to 253 million marka at end-2018 compared to end-2017.
All defence companies were profitable last year, except for Vitezit which ended 2018 with a loss of 4.3 million kuna.
The defence industry employed 3,680 workers at end-2018.
(1 euro = 195583 marka)