July 25 (SeeNews) - The net profit of Bosnian cement factory Tvornica Cementa Kakanj [SAJ:TCMKR] rose to 8.5 million marka ($5.9 million/4.3 million euro) in the first half of 2014 from some 8.0 million marka a year earlier, the company said on Friday.
First-half operating income decreased by 1.5% on the year to 31.9 million marka while operating costs fell to 23.2 million marka from 24.5 million marka, Tvornica Cementa Kakanj (TCK) said in an income 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)