Cement News tagged under: Steppe Cement
Steppe Cement records 14% rise in profit07 June 2021, Published under Cement NewsKazakhstan’s Steppe Cement has posted a net profit of US$11.1m for 2020, up 14.4 per cent YoY from US$9.7m in the previous year. EBITDA also saw a modest increase to US$24.2m from US$23.9m in 2019. However, the company’s cement sales volume decreased 4.1 per cent YoY to 1.65Mt from 1.72Mt. Local sales declined by six per cent, due to milling limitations during two months of the high season, while exports advanced 20 per cent. According to a statement, Steppe Cement operated both lines ... |
Steppe Cement sees revenue up 1% in 202012 January 2021, Published under Cement NewsKazakhstan’s Steppe Cement has reported a one per cent increase in revenue to KZT30.96bn (US$73.59m) in its preliminary update for 2020. However, cement sales volumes declined 4.1 per cent YoY to 1.645Mt from 1.715Mt in 2019. The average ex-factory price in 2020 reached KZT15,760/t, compared with KZT14,885/t in the previous year. "In 2020, cement market consumption in Kazakhstan increased by six per cent to 9.4Mt from 8.9Mt in 2019," said the board. Steppe Cement's local market share wa... |
Steppe Cement sees 5% revenue increase for the 3Q2009 October 2020, Published under Cement NewsKazakhstan’s Steppe Cement saw a 5.2 per cent YoY increase in revenue to KZT11.11bn (US$26m) for the 3Q20, up from KZT10.56bn a year earlier. However, its sales volume declined four per cent to 556,162t. Average prices for delivered cement advanced to KZT18,841/t from KZT18,157/t. Kazakhstan’s cement market is expected to expand two per cent YoY in 2020. |
Steppe Cement sells 0.76Mt of cement in 1H202009 July 2020, Published under Cement NewsSteppe Cement of Kazakhstan reports that it sold 764,752t of cement in the 1H20 for KZT13,677m (US$33.24m), down from 780,315t for KZT10,079m in 1H19. This represents a decline of two per cent in volume and three per cent in turnover. The average price of cement in the 1H20 was KZT17,884/t, excluding VAT, compared to KZT18,042/t in the 1H19. The ex-works price declined to KZT14,727/t from KZT15,148/t in the 1H19. Kazakhstan's cement market grew by two per cent in the 1H20, compared to the ... |
Steppe Cement posts 8% revenue rise in 201913 January 2020, Published under Cement NewsKazakhstan-based Steppe Cement has posted revenues of KZT30.534bn (US$81m) for the year ended 31 December 2019. This represents a rise of eight per cent when compared with 2018. The company sold 1,715,761t of cement in 2019, marginally lower than the previous year. Steppe Cement is the country's fourth-largest cement producer with a total cement capacity of 1.9Mta. It operates two plants in Karaganda: the 1.1Mta Central Asia Cement works and the 0.8Mta Karcement unit. |
Steppe Cement records 6% rise in volumes for 1H1910 July 2019, Published under Cement NewsKazakhstan’s Steppe Cement has sold 780,315t of cement in the first half of 2019, an increase of six per cent YoY from 738,228t in the year-ago period. The revenue from the sale of cement has surged 34 per cent to KZT14bn (US$36.6m) from KZT10.5bn. The average price of its cement, excluding VAT, rose to KZT18,042/t, compared with KZT14,276/t in the 1H18. The company’s local market share increased slightly to 17 per cent from 16 per cent. The overall cement market in the country contracte... |
Steppe Cement records strong sales in 1Q1911 April 2019, Published under Cement NewsSteppe Cement reports that in the 1Q19 the cement producer sold 266,393t of cement for KZT4455m (US$11.76m), compared to 197,179t of cement for KZT2313m in the 1Q18, an increase of 35 and 93 per cent, respectively. Steppe Cement reports that higher transport tariffs and rental expenses have been offset by savings due to better utilisation of the wagon fleet and increased sales in markets close to the factory. Kazakhstan’s cement market grew by 3.6 per cent in the 1Q19 and Steppe Ceme... |
Steppe Cement 1H18 volumes rise by 14%11 July 2018, Published under Cement NewsIn the 1H18 Steppe Cement Ltd sold 738,228t of cement for KZT10,539m (US$30.7m), compared with 650,333t of cement for KZT8553m in 1H17. This represents an increase of 14 per cent in volume and an increase of 23 per cent in turnover over the same period in 2017. The average price for the current period for delivered cement was KZT14,276/t (ex VAT), compared with KZT13,151/t in the corresponding period of 2017. The ex-factory price for the current period was KZT11,560/t, compared with KZT11,... |
Steppe Cement sees 20% revenue rise in 201716 January 2018, Published under Cement NewsSteppe Cement has announced that its full-year revenue for 2017 was 20 per cent higher than the previous year, reports Alliance News. The revenue for the period increased to KZT21.4bn (US$65m) from KZT17.9bn seen in 2016. The rise in revenue has been attributed to both an increase in cement prices and the volume of cement sold. The Kazakhstan-based manufacturer saw a 3.8 per cent YoY increase in the sales volume of cement, to 1.63Mt from 1.57Mt. Prices were up 15 per cent for 2017, with a... |
Steppe Cement repays bonds17 November 2017, Published under Cement NewsKazakh cement producer Steppe Cement has repaid bonds issued in November 2012, according to StockMarketWire. The bonds totalled KZT1.49bn (US$4.48m) and were paid out of the cash flow of the company. The repayment of the bonds reduced the net debt of Steppe Cement to US$16m. |