Business
Preliminary Update for the Ye
Preliminary Update for the Ye.
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n RNS Number : 3292A Steppe Cement Limited 31 January 2011 \n \n\nSteppe Cement Ltd\n31 January 2011\n \nPreliminary update for the year ended 31 December 2010\n \nSteppe Cement Ltd (\"Steppe Cement\") recorded revenue for the year ended 31 December 2010 of 10,740 million Tenge (\"KZT\"), which was 23% higher than 8,737 million Tenge for the corresponding year ended 31 December 2009.\n \nSales volume of 1,156,630 tonnes of cement in 2010 represented an improvement of 24% over sales of 930,297 tonnes in 2009.\n \nSteppe Cement's wholly-owned subsidiary, Karcement JSC operating dry line number 6 accounted for 48% of the total sales volume.\n \nAverage price (ex-VAT) for delivered cement was stable at KZT 9,286 per tonne for the year 2010, compared to KZT 9,392 per tonne in 2009 while the ex-factory price stood at KZT 7,979 per tonne representing US$54.1 per tonne based on current exchange rates. \n \nIn 2010, the cement market in Kazakhstan reached 5.7 million tonnes, an increase of 14% over 2009. Imports into Kazakhstan remained stable at 21%. \n \nSteppe Cement's market share increased to 20.3% in 2010 from 18.4% in the previous year. \n \nThe full results and audited accounts denominated in US$ will be published in April 2011.\n \nThe Company's Nominated Adviser is RFC Corporate Finance Ltd.\nContact: Stephen Allen or Trinity McIntyre, +61 8 9480 2500\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGXGDBIDXBGBB \n ","length":2501,"tagName":"div"}]