Steppe Cement 1Q17 volumes down as Kazakh market contracts
Steppe Cement reported a 35 per cent YoY decline in cement sales volumes to 124,669t in the first quarter of 2017 as cement consumption in Kazakhstan fell five per cent YoY.
Steppe Cement
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Kazakhstan: Steppe Cement FY16 results
Steppe Cement Ltd recorded revenue for the year ended 31 December 2016 of KZT17.94bn (US$54.01m), representing an eight per cent drop YoY from KZT19.53bn recorded last year.
Kazakhstan: Steppe Cement refinances US$15m loans
Steppe Cement has announced that it has refinanced two loans worth a combined US$15.3m, StockMarketWire reports. welcomes Halyk Bank to finance its long-term financing requireme...
Kazakhstan: a nation’s vision Premium
While the need for infrastructure and housing is considerable in Kazakhstan, lower oil receipts, a depreciating tenge and sluggish global growth conspire against elevated levels...
Kazakhstan: struggling economy hits cement industry
With a slump in oil prices, geopolitical tension between Russia and the West, and a slowdown in the Chinese economy, Kazakhstan’s GDP grew just 0.1 per cent YoY in 1H16. Followi...
Kazakhstan: Steppe Cement 1H loss falls in dollar terms
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 ...
Kazakhstan: devalued tenge affects Steppe Cement
The sharp devaluation of the Kazakh tenge saw the 2015 results of Steppe Cement affected as import pressures waned. Until August 2015 local producers had to lower their selling ...
Kazakhstan: Steppe Cement sales down as demand tumbles
Steppe Cement has seen sales and revenue fall in the first quarter of 2016 as the company predicts that demand in Kazakhstan will be 11 per cent lower this year than it was in 2...
Steppe Cement Ltd preliminary update to 31 December 2015
Steppe Cement Ltd recorded revenue for the year ended 31 December 2015 of KZT19,537m (US$54m), which was seven per cent lower than the KZT20,925m recorded in the corresponding p...
Steppe Cement revenue falls on lower pricing
Steppe Cement Ltd Tuesday said revenue in the first nine months of 2015 fell four per cent YoY as increased sales were offset by lower cement prices. Kazakhstan producer said re...