Business
Market Update for 3rd Quarter ended 30 Sept 2020
Market Update for 3rd Quarter ended 30 Sept 2020.
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 5810B\n Steppe Cement Limited\n 09 October 2020\n \n \n \n \n 9 October 2020\n \n \n Steppe Cement Ltd\n \n \n Market Update for the Third Quarter ended 30 September 2020\n \n \n Third quarter 2020 revenue of KZT 11,114 million was 5% higher than revenue of KZT 10,560 million achieved in the corresponding quarter in 2019. For the 9 months ended 30 September 2020, Steppe Cement Ltd (\"Steppe Cement\") recorded revenue of KZT 24,804 million compared with KZT 24,639 million in the corresponding 9-month period in 2019, representing a 1% increase.\n \n \n \n \n \n A sales volume of 556,162 tonnes was achieved during the third quarter, a 4% decrease from the third quarter of 2019 due to prioritising price vs volume in the third quarter. For the first 9 -months of 2020, the sales volume decreased by 3% to 1,316,509 tonnes from 1,357,007 tonnes in the corresponding 9-month period in 2019.\n \n \n \n \n \n The average price (ex-VAT) for delivered cement was KZT 18,841 per tonne in the first 9 months compared with KZT 18,157 per tonne last year. For the first 9 months of 2020, the ex-factory price stood at KZT15,919 per tonne, an increase of 4% over KZT15,301 in 2019.\n \n \n \n \n \n For the first 9 months of 2020, the cement market in Kazakhstan was 7.3 million tonnes, 4% higher than in 2019. Imports stood at 6% of total consumption slightly below 2019. Exports from Kazakhstan increased by 20% to 1.6 million tonnes. The current estimate of the cement market for 2020 is 9.1 million tonnes or 2% above 2019, with Steppe Cement's market share at 16%.\n \n \n Steppe Cement's AIM nominated adviser and broker is RFC Ambrian Limited.\n \n \n Nominated Adviser contact: Stephen Allen or Andrew Thomson on +61 8 9480 2500.\n \n \n Broker contact: Charlie Cryer at +44 20 3440 6800\n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communicati...