Steppe Cement 3Q revenue +31%

Steppe Cement 3Q revenue +31%
Published: 06 October 2010

Steppe Cement Ltd,a construction materials producer in Kazakhstan, said Wednesday revenue for the third quarter ended September 30 rose 31% to KZT4,047m, making KZT8,741m for the nine months – representing a 26% improvement.

Sales volume of 424,762t were achieved during the third quarter, a 48% increase over the third quarter of 2009; for the first nine months the sales volume increased 30% to 947,919t.

Steppe Cement’s wholly-owned subsidiary, Karcement JSC accounted for 48% of the total sales volume.