Steppe sees full-year loss

Steppe sees full-year loss
12 April 2010

Steppe Cement Ltd announced its preliminary annual results for the year ended 31 December 2009 posting loss attributable to equity holders of US$16.52 or 12 cents per basic share, compared to profit of US$18.64m or 16 cents per basic share last year.

Pretax loss was US$19m compared to pre-tax profit of US$26.64m in the previous year. Revenue declined to US$59.13m from US$91.53m a year ago.

The company noted that dividends will not be proposed for 2009 and it is not expected that dividend will be proposed for 2010.
Published under Cement News