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News Tvornica Cementa Kakanj reports 15% year-on-year profit drop in 2019

Tvornica Cementa Kakanj reports 15% year-on-year profit drop in 2019

Written by Global Cement staff 10 March 2020
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Bosnia & Herzegovina: Germany-based HeidelbergCement subsidiary Tvornica Cementa Kakanj (TCK) recorded a profit of Euro7.35m in 2019, down by 15% year-on-year from Euro8.63m in 2018. Sales rose by 1.8% over the period, to Euro37.7m from Euro37.0m. The company explained the profit drop in terms of increased operating costs, which rose by 3.8% to Euro29.4m from Euro22.7m in 2018.

Last modified on 11 March 2020
Published in Global Cement News
Tagged under
  • Bosnia & Herzegovina
  • Germany
  • HeidelbergCement
  • Tvornica Cementa Kakanj
  • Results
  • Profit
  • Sales
  • costs
  • GCW446
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