Tvornica Cementa Kakanj’s consolidated net profit down 54%

Tvornica Cementa Kakanj’s consolidated net profit fell to BAM11m (US$6.1m) in 2014 from BAM16.9m a year earlier, the Bosnian cement producer reported on Monday.

The HeidelbergCement group company said consolidated sales revenue declined 17.7 per cent YoY to BAM77.6m in 2014, Tvornica Cementa Kakanj (TCK) said in its audited financial report sent to the Sarajevo Stock Exchange.