Kazakhstan: Steppe Cement 1H loss falls in dollar terms

Kazakhstan: Steppe Cement 1H loss falls in dollar terms
Published: 14 September 2016


Steppe Cement has published its financial results for the first six months of 2016. Losses in dollar terms fell to US$1.5m from US$2.2m in the same period in 2015. However, due to a revaluation of the tenge, losses in the company’s operating currency rose from KZT407m (US$1.2m) in 1H2015 to KZT517.5m in 1H2016.

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