April 25 (SeeNews) - The net profit of Bosnian cement factory Tvornica Cementa Kakanj [SAJ:TCMKR] doubled to 18.2 million marka ($12.8 million/9.3 million euro) in 2013 from 9.4 million marka a year earlier, the company said on Friday.
Operating income increased by 8.0% to 71.9 million marka in 2013 while operating costs fell 4.2% to 54.7 million marka, Tvornica Cementa Kakanj (TCK) said in a financial statement sent to the Sarajevo Stock Exchange.
The company 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)