November 27 (SeeNews) – Bosnia and Herzegovina’s pistol ammunition maker Pobjeda Technology Gorazde (PTG) [SAJ:PSPGRK4] said on Monday that it will distribute a dividend of 25 marka ($14/12.8 euro) this year.

PTG will use its undistributed profit from 2021 for dividend distribution, it said in a bourse filing.

The company’s shareholders approved the plan at a meeting held on November 24.

Its net profit surged to 4.5 million marka in 2022 from 1.7 million marka the year before.

PTG’s shares last traded on the Sarajevo Stock Exchange on October 9, closing 0.33% lower at 301 marka.

(1 euro = 1.95583 marka)