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Bosnia’s Mann+Hummel BA H1 net profit rises

Author Maja Garaca
Bosnia’s Mann+Hummel BA H1 net profit rises Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SARAJEVO (Bosnia and Herzegovina), September 3 (SeeNews) – Bosnian automotive filters manufacturer Mann+Hummel BA [SAJ:UNFT] said its net profit increased to 5.9 million marka ($3.5 million/3.0 million euro) in the first half of 2018, from 3.9 million marka a year earlier.

Operating income rose 26.7% to 41.5 million marka in the six months through June, while expenses added 23.6% to 35.2 million marka, Mann+Hummel BA said in its H1 2018 financial report.

Mann+Hummel BA, located in Tesanj, is a unit of German group Mann+Hummel which supplies equipment to the international automotive and mechanical engineering industries.

(1 euro=1.95583 Bosnian marka)