Steppe Cement Limited 3rd Quarter Market Update (1119C)
07 October 2022 - 5:00PM
UK Regulatory
TIDMSTCM
RNS Number : 1119C
Steppe Cement Limited
07 October 2022
7 October 2022
Steppe Cement Ltd
Market Update for the Third Quarter ended 30 September 2022
Third quarter 2022 revenue of KZT 13,071 million was 9% higher
than revenue of KZT 12,045 million
achieved in the corresponding quarter in 2021. For the 9 months
ended 30 September 2022, Steppe
Cement Ltd ("Steppe Cement") recorded revenue of KZT 32,651
million compared with KZT 28,812
million in the corresponding 9-month period in 2022,
representing a 13% increase.
A sales volume of 546,357 tonnes was achieved during the third
quarter, a 2% increase from the third
quarter of 2021. For the first 9 months of 2022, the sales
volume decreased by 1% to 1,362,407 tonnes
from 1,375,464 tonnes in the corresponding 9-month period in
2021.
The average price (ex-VAT) for delivered cement was KZT 23,965
per tonne in the first 9 months
compared with KZT 20,947 per tonne last year. For the first 9
months of 2022, the ex-factory price
stood at KZT21,023 per tonne, an increase of 17% over KZT17,930
in 2021.
For the first 9 months of 2022, the cement market in Kazakhstan
was 9.4 million tonnes, 2% higher
than in 2021. Imports decreased to 6% from 7% of total
consumption in the corresponding 9-month
period in 2021. Exports from Kazakhstan were 0.85 million
tonnes. Current estimate of the cement
market for 2022 is 11.8 million tonnes or 2% above 2021, with
Steppe Cement's market share at 15%.
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 680
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 rns@lseg.com 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 communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
QRTBKOBNBBDKDKK
(END) Dow Jones Newswires
October 07, 2022 02:00 ET (06:00 GMT)
Steppe Cement (LSE:STCM)
Historical Stock Chart
From Apr 2024 to May 2024
Steppe Cement (LSE:STCM)
Historical Stock Chart
From May 2023 to May 2024