April 20 (SeeNews) - The audited consolidated net profit of Bosnian cement factory Tvornica Cementa Kakanj [SAJ:TCMKR] fell to 11 million marka ($6.1 million/5.6 million euro) in 2014 from 16.9 million marka a year earlier, the company said on Monday.
The company’s consolidated sales revenue declined 17.7% on the year to 77.6 million marka in 2014, Tvornica Cementa Kakanj (TCK) said in its audited financial report sent to the Sarajevo Stock Exchange.
TCK is majority-owned by Dutch-based CEEM Investment, a unit of Germany's HeidelbergCement.
TCK is based in Kakanj, in the Muslim-Croat Federation, one of the two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=1.95583 Bosnian marka)