Milan Blagojevic Namenska Lucani makes profit of over EUR 10 million in 2018

In the past two years, the results of the arms factory Milan Blagojevic Namenska from Lucani have been at an all-time high, the Reflektor portal writes.

– Milan Blagojevic Namenska from Lucani has been recording a constant growth of income year after year, and in 2017 and 2018, it had the biggest profits in the past 30 years. Last year, the company had a profit of EUR 13 million, whereas, this year, it will exceed EUR 10 million. The average personal income is RSD 72,000 and the factory will pay RSD 60,000 to each worker at the end of the year. Furthermore, each worker will also be pain another salary from the profit – the General Director of the company, Rados Milovanovic, said for Reflektor.

He added that MB Namenska was of special significance for the defense industry of Serbia.

– There are over 1,300 employees and around 400 to 500 young workers have been hired in the past few months. Over EUR 8 million has been invested in the past year – Milovanovic said.

He also emphasized that the personal income would surely increase, amounting to RSD 85,000 as soon as 2019. Around 40% of the production is kept in the local market, whereas the rest is exported worldwide, including all the countries of the European community, Reflektor writes.

MB Namenska Lučani

MB Namenska

arms factories

Rados Milovanovic

Milan Blagojevic Namenska profit

Milan Blagojevic Namenska income