Net income attributable to Česká zbrojovka Group shareholders increased 53% to CZK584,766,000 ($27.5 mm) in the first half, from CZK381,744,000 last year, as revenues gained 41% to CZK4,728,737,000 ($222.1 mm) from CZK3,363,399,000. Adjusted net income was CZK879,635,000, excluding expenses and earnout for the Colt acquisition and related financing costs. Colt’s top line contribution in the six weeks following the May 21 closing was not specified. Adding Colt also impacted other metrics, with gross margin contracting 490 basis points to 57.1%, services expenses up 79% and personnel expenses up 28%.

The voracious U.S. market accounted for CZK2,957 ... Log in to view full article.