March 7 (SeeNews) - Bosnia-based manufacturer of filters for the automotive industry Mann+Hummel BA [SAJ:UNFT] said on Thursday that its net profit rose 48.7% year-on-year to 6.6 million marka ($3.7 million/3.4 million euro) in 2023.
Total income increased by 6.6% year-on-year to 109.2 million marka in 2023, Mann+Hummel BA said in a filing to the Sarajevo Stock Exchange (SASE).
The company's total expenses grew 4.5% on the year to 102 million marka in the year under review.
Mann+Hummel BA, located in Tesanj, is a unit of German group Mann+Hummel which supplies equipment to the international automotive and mechanical engineering industries.
(1 euro = 1.956 marka)