Profits surge in ammunition firm VOP Nováky
Ammunition firm VOP Nováky, part of the Czech CSG (Michal Strnad), more than doubled its net profit last year to €48.8m and its sales soared 70% to €130.9m. Interestingly, the profits of the armaments plants, which CSG owns jointly with the state, fell or were much lower last year. ZVS Holding's profit last year was only €6m. Since the Russian aggression, VOP has doubled the number of employees to 200 and plans to continue its expansion.
Comments