Steppe Cement Limited Market Update for the 3rd Quarter (9468O)
07 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMSTCM
RNS Number : 9468O
Steppe Cement Limited
07 October 2019
7 October 2019
Steppe Cement Ltd
Market Update for the Third Quarter ended 30 September 2019
Third quarter 2019 revenue of KZT 10,560 million was 10% lower
than revenue of KZT 11,696 million achieved in the corresponding
quarter in 2018. For the 9 months ended 30 September 2019, Steppe
Cement Ltd ("Steppe Cement") recorded revenue of KZT 24,639 million
compared with KZT 22,416 million in the corresponding 9-month
period in 2018, representing a 10% increase.
A sales volume of 576,692 tonnes was achieved during the third
quarter, an 11% decrease from the third quarter of 2018 due to
prioritising price vs volume in the third quarter. For the first 9
-months of 2019, the sales volume decreased by 2% to 1,357,007
tonnes from 1,386,989 tonnes in the corresponding 9-month period in
2018.
The average price (ex-VAT) for delivered cement was KZT 18,157
per tonne in the first 9 months compared with KZT 16,161 per tonne
last year. For the first 9 months of 2019, the ex-factory price
stood at KZT15,301 per tonne, an increase of 19% over KZT12,893 in
2018.
For the first 9 months of 2019, the cement market in Kazakhstan
was 7 million tonnes, 2% lower than in 2018. Imports stood at 7% of
total consumption slightly below 2018. Exports from Kazakhstan
decreased by 16% to 1.3 million tonnes. Current estimate of the
cement market for 2019 is 8.5 million tonnes or 1% below 2018, with
Steppe Cement's market share at 18%.
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
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END
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