Steppe revenue up 23%, Kazakhstan

Steppe revenue up 23%, Kazakhstan
Published: 31 January 2011

Steppe Cement Ltd said it recorded revenue for the year ended 31 December 2010 of KZT10,740m (US$73m) up 23% higher than KZT8,737m last year.

Cement sales volumes for the year were 1.16Mt, representing an improvement of 24% over sales of 930,297t in 2009.

The company stated that in 2010, cement demand in Kazakhstan reached 5.7Mt, up 14% over 2009. Imports into Kazakhstan remained stable at 21%.

In addition, Steppe Cement also stated that its market share grew to 20.3% in 2010 from 18.4% in the previous year.