TIDMSTCM

RNS Number : 5810B

Steppe Cement Limited

09 October 2020

9 October 2020

Steppe Cement Ltd

Market Update for the Third Quarter ended 30 September 2020

Third quarter 2020 revenue of KZT 11,114 million was 5% higher than revenue of KZT 10,560 million achieved in the corresponding quarter in 2019. For the 9 months ended 30 September 2020, Steppe Cement Ltd ("Steppe Cement") recorded revenue of KZT 24,804 million compared with KZT 24,639 million in the corresponding 9-month period in 2019, representing a 1% increase.

A sales volume of 556,162 tonnes was achieved during the third quarter, a 4% decrease from the third quarter of 2019 due to prioritising price vs volume in the third quarter. For the first 9 -months of 2020, the sales volume decreased by 3% to 1,316,509 tonnes from 1,357,007 tonnes in the corresponding 9-month period in 2019.

The average price (ex-VAT) for delivered cement was KZT 18,841 per tonne in the first 9 months compared with KZT 18,157 per tonne last year. For the first 9 months of 2020, the ex-factory price stood at KZT15,919 per tonne, an increase of 4% over KZT15,301 in 2019.

For the first 9 months of 2020, the cement market in Kazakhstan was 7.3 million tonnes, 4% higher than in 2019. Imports stood at 6% of total consumption slightly below 2019. Exports from Kazakhstan increased by 20% to 1.6 million tonnes. The current estimate of the cement market for 2020 is 9.1 million tonnes or 2% above 2019, with Steppe Cement's market share at 16%.

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 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

UPDFKLBBBBLZFBL

(END) Dow Jones Newswires

October 09, 2020 02:00 ET (06:00 GMT)

Grafico Azioni Steppe Cement (LSE:STCM)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Steppe Cement
Grafico Azioni Steppe Cement (LSE:STCM)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Steppe Cement