Macedonia's sole cement producer Usje said on Tuesday its unconsolidated net profit fell five per cent to MKD1.46bn (EUR23.7m) in 2014.

Operating revenue rose two per cent to MKD4.12bn last year, while operating costs were two per cent lower at MKD2.56bn, Usje said in an unconsolidated financial statement filed with the Macedonian Stock Exchange.

Usje is owned by Greek building materials manufacturer Titan Cement.