Bosnia’s TCK sees 1H net profit edge up

Bosnian cement producer Tvornica Cementa Kakanj (TCK) reported a modest rise in 1H net profit to BAM7.2m (US$4.3m) from BAM7.1m a year earlier.

The company’s operating revenue rose 8.8 per cent YoYto BAM32.2m in the January-June period, while operating costs expanded to BAM25m from BAM22.4m in 1H16.

TCK is majority-owned by Dutch-based CEEM Investment, which is part of Germany's HeidelbergCement.