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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Steppe Cement Ltd | LSE:STCM | London | Ordinary Share | MYA004433001 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.00 | 18.00 | 20.00 | 19.00 | 19.00 | 19.00 | 83,482 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Cement, Hydraulic | 86.73M | 17.78M | 0.0812 | 2.34 | 41.61M |
From Apr 2019 to Apr 2024
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
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.
END
UPDUBUSRKUARRRA
(END) Dow Jones Newswires
October 07, 2019 02:00 ET (06:00 GMT)
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