annual report the president s message 3 2005 dear shareholders generally was our most suc cessful year so far with growth in following areas revenue 35 operating profit 33 net income 89 exports 42 domestic sales by 6 production 19 5 and share value at stock exchange 219 staff alike are very proud that he mofarm shares recorded gre atest of all listed belgrade we have achieved modernization important segments company along traditionally large investments technology as well implementation new organiza tional changes which strate gic importance for future busi ness operations a funda mentally approach to mar keting contem porary reporting imple mentation sap con text elimination numerous contradictions arising from cir cumstances past com pany is also enjoying strong gr owth successful intro duction young skilled collab orators who adapt quickly systems decision board
