Cement News tagged under: Bosnia

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TCK posts 15% decline in net profit for 2019

11 March 2020, Published under Cement News

Bosnia’s Tvornica Cementa Kakanj (TCK) has posted a 14.9 per cent YoY decline in net profit to BAM14.3m (US$8.4m) in 2019, compared with BAM16.8m in the previous year. The company’s operating revenue increased 1.8 per cent to BAM73.4m, while operating costs advanced 3.8 per cent to BAM57.3m.

Tvornica Cementa Kakanj records 26% net profit increase

03 August 2018, Published under Cement News

Bosnia’s Tvornica Cementa Kakanj (TCK) facility has recorded a 26.3 per cent YoY increase in net profit to BAM9.1m (US$5.4m) in the 1H18, according to its financial report. Operating revenue advanced 10.7 per cent to BAM35.6m, while operating costs also rose 6.4 per cent to BAM26.6m. TCK is majority-owned by Dutch-based CEEM Investment, a unit of HeidelbergCement.

TCK reports 13% increase in operating revenue

05 April 2018, Published under Cement News

Bosnian cement producer Tvornica Cementa Kakanj (TCK) recorded a 10.2 per cent YoY decrease in net profit for 2017, falling to BAM15.9m (US$10m) from BAM17.7m. However, the company’s operating revenue increased 12.7 per cent to finish at BAM70.2m, according to its annual financial report. Similarly, operating costs rose 13.1 per cent to BAM54.2m (2016: BAM47.1m). TCK is majority-owned by CEEM Investment, which is part of HeidelbergCement.

Bosnia: TCK sees net profit rise to EUR7.1m in 2015

24 March 2016, Published under Cement News

Bosnian cement producer Tvornica Cementa Kakanj (TCK), owned by HeidelbergCement, saw its net profit jump to BAM13.8m (US$7.88m), up 22 per cent from BAM11.3m in 2014. The company’s operating revenue edged up 1.4 per cent YoY to BAM62.1m  in 2015. Operating costs decreased to BAM48.2m from BAM49.7m in 2014, TCK said in its financial report sent to the Sarajevo Stock Exchange.

Bosnia: Fabrika Cementa Lukavac first-half net profit down 45%

26 August 2015, Published under Cement News

The net profit of Bosnian cement maker Fabrika Cementa Lukavac (FCL) dropped 45 per cent to BAM4.2m (EUR2.1m) in the first half of 2015, according to company data released Tuesday. Operating income dropped 17.3 per cent to BAM23m through June, hile operating costs fell 12.4 per cent to BAM19.2ma, the company said in filing with the Sarajevo Stock Exchange. FCL, which is owned by Austria-based Asamer Holding, has the largest cement plant in Bosnia with a clinker capacity of 0.6Mta and a cem...

Tvornica Cementa Kakanj’s consolidated net profit down 54%

21 April 2015, Published under Cement News

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.

Tvornica Cementa Kakanj first-half net profit increases

28 July 2014, Published under Cement News

Bosnia-based Tvornica Cementa Kakanj (TCK) net profit rose by 6.25 per cent to BAM8.5m (EUR4.3m) in the first half of 2014 compared to BAM8m a year earlier, the company said on Friday. The HeidelbergCement group company said first-half operating income decreased by 1.5 per cent YoY to BAM31.9m while operating costs fell to BAM23.2m from BAM24.5m. TCK is based in Kakanj, in the Muslim-Croat Federation, one of the two autonomous entities that form Bosnia and Herzegovina.

Optimisation projects expected to lift TCK net profit, Bosnia

19 July 2013, Published under Cement News

Bosnian cement maker Tvornica Cementa Kakanj (TCK) expects its net profit to rise by 20-25 per cent to some BAM11-12m (EUR5.6-6.1m) thanks to optimisation measures. TCK’s cement sales are expected to be nearly flat at around 425,000t, director Branimir Muidza told SeeNews. However, ongoing investment and process optimisation measures are expected to bear fruit this year, leading to the projected rise in net profit. Part of the HeidelbergCement Group, TCK has been embarking on a number ...

Tvornica Cementa forecasts FY12 double-digit declines

10 September 2012, Published under Cement News

Tvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact of the Euro zone crisis continue to weigh on performance. Speaking to SeeNews, the company’s general manager, Branimir Muidza, said that cement sales are seen at around BAM64m. "On the backdrop of the existing economic environment, our domestic sales volumes are seen flat in 2012 and would depend on the pace of const...

HeidelbergCement: July '12

03 August 2012, Published under Cement News

The Bosnian HeidelbergCement subsidiary Tvornica Cementa Kakanj is expecting a volume reduction of between 10-14 per cent this year. This would take consumption down to 40 per cent below the level seen in 2008. Domestic deliveries are expected to be some 15 per cent down on last year. Around 12 per cent of production is now exported, mainly to Croatia. HeidelbergCement's 1H turnover rose by 9.8 per cent to €6580.4m, while the EBITDA only advanced by 0.8 per cent to €911.6m as energy cos...