Booming firearms sales more than offset slacking ammunition revenue in the second quarter, as total revenue grew 56% to CZK 8,569,956,000 ($410.0 mm) from CZK 5,502,581,000, while profits more than doubled to CZK 869,925,000 ($41.6 mm) from CZK 395,357,000. Long gun unit sales were up 40% to 126,276, and handguns improved 18% to 91,623. Raw materials used rose 41%, while services expenses rose 46%, both due to consolidating the energetics segment; the listing on Euronext Amsterdam also contributed to higher services costs. Personnel expense jumped 44%.

Ammo segment sales ticked up 5% ... Log in to view full article.