Business
Market Update for 1H 2011
Market Update for 1H 2011.
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n \nRNS Number : 0308K Steppe Cement Limited 08 July 2011 \n \n\n8 July 2011\n \nSteppe Cement Ltd\nMarket update for the first half of 2011\n \nIn the first half of 2011, Steppe Cement Ltd (\"Steppe Cement\") sold 601,099 tonnes of cement for 6,286 million Tenge, compared with 523,156 tonnes of cement for 4,694 million Tenge in the first half of 2010. This represents an increase of 15% and 34% respectively compared to the same period in 2010.\n \nAverage price for the current period for delivered cement was 10,458 Tenge per tonne (ex VAT) compared with 8,972 Tenge per tonne in the corresponding period of 2010.\n \nEx-factory price for the current period stood at 8,777 Tenge per tonne compared with 7,755 Tenge per tonne in the corresponding period of 2010.\n \nThe volume of cement sales in Kazakhstan increased by about 4.3% during this period while the share of imported cement dropped from 23% to 17%. \n \nThe market share of Steppe Cement increased to 21.2% in the first half of 2011 from 19.8% in the first half of 2010. \n \nSteppe Cement estimates Kazakhstan's cement market to be about 6.2 million tonnes for 2011, representing an increase of 9% from 2010.\n \nSteppe Cement's AIM nominated adviser is RFC Corporate Finance Ltd. \nContact Stephen Allen or Trinity McIntyre on +61 8 9480 2500.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCDKFDQBBKKNOK \n ","length":2486,"tagName":"div"}]