Steppe Cement Limited Market Update for 3Q 2016 (2870M)
12 October 2016 - 5:00PM
UK Regulatory
TIDMSTCM
RNS Number : 2870M
Steppe Cement Limited
12 October 2016
Steppe Cement Ltd
Market Update for the Third Quarter ended 30 September 2016
Third quarter 2016 revenue of KZT 7,316 million was 6% lower
than revenue of KZT 7,770 million achieved in the corresponding
quarter in 2015. For the 9 months ended 30 September 2016, Steppe
Cement Ltd ("Steppe Cement") recorded revenue of KZT 15,506 million
compared to KZT 16,047 million in the corresponding 9 month period
in 2015, representing a 3% decrease.
A sales volume of 609,471 tonnes was achieved during the third
quarter, a 3% decrease from the third quarter of 2015 as we were
limited by clinker output. For the first 9 months of 2016, the
sales volume increased by 2% to 1,371,024 tonnes from 1,347,983
tonnes in the corresponding 9 month period in 2015.
Average price (ex-VAT) for delivered cement was KZT 11,310 per
tonne in the first 9 months compared to KZT 11,905 per tonne in the
corresponding period in 2015. For the first 9 months of 2016,
ex-factory price stood at KZT 9,451 per tonne.
For the first 9 months of 2016, the cement market in Kazakhstan
decreased by 7% compared to the corresponding period in 2015, while
imports declined from 13% to 5% of the total consumption and
exports from Kazakhstan increased by nearly three times. Steppe
Cement maintains its estimate of the cement market for 2015 at 9
million tonnes, with Steppe Cement's market share at 18 to 19%.
Steppe Cement's AIM nominated adviser and broker is RFC Ambrian
Limited.
Nominated Adviser: Contact Stephen Allen or Oliver Morse at +61
8 9480 2500.
Broker: Contact Charlie Cryer at +44 20 3440 6800
This information is provided by RNS
The company news service from the London Stock Exchange
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October 12, 2016 02:00 ET (06:00 GMT)
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