Steppe Cement Limited Market update for 3Q ended 30 September 2017 (2596T)
11 October 2017 - 5:00PM
UK Regulatory
TIDMSTCM
RNS Number : 2596T
Steppe Cement Limited
11 October 2017
11 October 2017
Steppe Cement Ltd
Market Update for the Third Quarter ended 30 September 2017
Third quarter 2017 revenue of KZT 9,312 million was 27% higher
than revenue of KZT 7,316 million achieved in the corresponding
quarter in 2016. For the 9 months ended 30 September 2017, Steppe
Cement Ltd ("Steppe Cement") recorded revenue of KZT 17,865 million
compared with KZT 15,506 million in the corresponding 9-month
period in 2016, representing a 15% increase.
A sales volume of 685,745 tonnes was achieved during the third
quarter, a 12% increase from the third quarter of 2016 due to good
clinker output and stock availability. For the first 9 months of
2017, the sales volume decreased by 3% to 1,336,078 tonnes from
1,371,024 tonnes in the corresponding 9-month period in 2016.
The average price (ex-VAT) for delivered cement was KZT 13,372
per tonne in the first 9 months compared with KZT 11,310 per tonne
in the corresponding period in 2016. For the first 9 months of
2017, the ex-factory price stood at KZT11,198 per tonne, an
increase of 18% over KZT9,451 in 2016.
For the first 9 months of 2017, the cement market in Kazakhstan
was the same as in 2016 at 7.3 million tonnes. Imports increased
from 5% to 7% of total consumption and exports from Kazakhstan more
than doubled to 0.7 million tonnes. Steppe Cement maintains its
estimate of the cement market for 2017 at 9 million tonnes, with
Steppe Cement's market share at 17%.
Steppe Cement's AIM nominated adviser and broker is RFC Ambrian
Limited.
Nominated Adviser contact: Stephen Allen or Andrew Thomson on
+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 11, 2017 02:00 ET (06:00 GMT)
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