03-04-2025
Arms Billionaire's Czechoslovak Group Profit Tripled Last Year
Czechoslovak Group AS, one of the biggest defense companies in Europe, said its profit tripled last year as it ramped up supplies of equipment to Ukraine and NATO countries.
Net income was a record €526.1 million ($576 million), a 202% increase over a year earlier, the company owned by Czech billionaire Michal Strnad said on its website on Thursday.
