Net income in the final quarter more than doubled to CZK 717,126,000 ($34.4 mm) from CZK 335,918,000, though sales slipped 1% to CZK 7,327,780,000,00 ($351.3 mm) from CZK 7,403,897,000, mainly due to the U.S. government shutdown. Higher ammunition margins from the now fully consolidated Sellier & Bellot boosted profitability despite rising costs. Raw materials used increased 18%, services costs grew by 7%, but personnel expenses were flat year-over-year due to changes in the share option plan. Firearms sales dropped 15% to an implied CZK 3.7 billion with long gun units 1% ... Log in to view full article.