Business
Steppe Cement Ltd - 3rd Quarter Results
Steppe Cement Ltd - 3rd Quarter Results.
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 4771O\n Steppe Cement Limited\n 08 October 2021\n \n \n \n \n 8 October 2021\n \n \n Steppe Cement Ltd\n \n \n Market Update for the Third Quarter ended 30 September 2021\n \n \n Third quarter 2021 revenue of KZT 12,045 million was 8% higher than revenue of KZT 11,114 million\n \n \n achieved in the corresponding quarter in 2020. For the 9 months ended 30 September 2021, Steppe\n \n \n Cement Ltd (\"Steppe Cement\") recorded revenue of KZT 28,812 million compared with KZT 24,804\n \n \n million in the corresponding 9-month period in 2020, representing a 16% increase.\n \n \n \n \n \n A sales volume of 535,200 tonnes was achieved during the third quarter, a 4% decrease from the third\n \n \n quarter of 2020 due to prioritising price vs volume in the third quarter. For the first 9 -months of 2021,\n \n \n the sales volume increased by 4% to 1,375,464 tonnes from 1,316,509 tonnes in the corresponding 9-\n \n \n month period in 2020.\n \n \n \n \n \n The average price (ex-VAT) for delivered cement was KZT 20,947 per tonne in the first 9 months\n \n \n compared with KZT 18,841 per tonne last year. For the first 9 months of 2021, the ex-factory price stood\n \n \n at KZT17,930 per tonne, an increase of 13% over KZT15,919 in 2020.\n \n \n \n \n \n For the first 9 months of 2020, the cement market in Kazakhstan was 9.2 million tonnes, 24% higher than in 2020. Imports stood at 7% of total consumption similar to 2020. Exports from Kazakhstan were 1.4 million tonnes. Current estimate of the cement market for 2021 is 11.3 million tonnes or 24% above 2020, with Steppe Cement's market share at 14%.\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 wit...