REG - Steppe Cement Ltd - Steppe Cement Ltd - 3rd Quarter Results

Steppe CementAnnouncement

08/10/2021 07:00

RNS Number : 4771O
  
Steppe Cement Limited
  
08 October 2021
  
 

8 October 2021
Steppe Cement Ltd
Market Update for the Third Quarter ended 30 September 2021
Third quarter 2021 revenue of KZT 12,045 million was 8% higher than revenue of KZT 11,114 million
achieved in the corresponding quarter in 2020. For the 9 months ended 30 September 2021, Steppe
Cement Ltd ("Steppe Cement") recorded revenue of KZT 28,812 million compared with KZT 24,804
million in the corresponding 9-month period in 2020, representing a 16% increase.
 
A sales volume of 535,200 tonnes was achieved during the third quarter, a 4% decrease from the third
quarter of 2020 due to prioritising price vs volume in the third quarter. For the first 9 -months of 2021,
the sales volume increased by 4% to 1,375,464 tonnes from 1,316,509 tonnes in the corresponding 9-
month period in 2020.
 
The average price (ex-VAT) for delivered cement was KZT 20,947 per tonne in the first 9 months
compared with KZT 18,841 per tonne last year. For the first 9 months of 2021, the ex-factory price stood
at KZT17,930 per tonne, an increase of 13% over KZT15,919 in 2020.
 
For the first 9 months of 2020, the cement market in Kazakhstan was 9.2 million tonnes, 24% higher than in 2020. Imports stood at 7% of total consumption similar to 2020. Exports from Kazakhstan were 1.4 million tonnes. Current estimate of the cement market for 2021 is 11.3 million tonnes or 24% above 2020, with Steppe Cement's market share at 14%.
Steppe Cement's AIM nominated adviser and broker is RFC Ambrian Limited.
Nominated Adviser contact: Stephen Allen or Andrew Thomson on +61 8 9480 2500.
Broker contact: Charlie Cryer at +44 20 3440 6800

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
UPDGDBDGSUGDGBI