The addition of the venerable U.S. firearms brand, which closed in May, helped drive CZ Group’s top line to a record CZK 10,688,927,000 ($493.0 mm) last year, up from CZK 6,829,106,000. Net income improved just 12% to CZK 760,046,000 ($35.1 mm) from CZK 676,571,000, due to higher expenses across the board, largely from the acquisition, including an 88% increase in raw materials cost, and 61% higher services costs and personnel expenses. Excluding costs related to the Colt deal, adjusted net income was up 72% to CZK 1,161,012,000. CZG did not break out fourth quarter numbers, but the implied net loss ... Log in to view full article.