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Steppe Cement operations update and notice of full year results

Steppe Cement operations update and notice of full year results

Thu 10 Jan 2019 07:50 by about : operational news - 0 Comments - 336 words

Steppe Cement Ltd ("Steppe Cement") recorded revenue for the year ended 31 December 2018 of 28,342 million Tenge ("KZT"), which was 32% higher than the KZT 21,443 million recorded for the corresponding year ended 31 December 2017. In 2018 cement sales volume was 1,720,629 tonnes, a 6% increase over the 1,630,230 tonnes for the previous year. The average price (ex - VAT) for delivered cement was KZT 16,480 per tonne in 2018, a 25% increase compared with KZT 13,153 per tonne in 2017. The average ex-factory price in 2018 stood at KZT 13,354 per tonne (23% above 2017) representing USD 39 per tonne based on 2018's average exchange rate of USD/KZT 345 vs 326 in 2017.


In 2018, the cement market consumption in Kazakhstan decreased by 4% at 8.6 million tonnes.

Steppe Cement's local market share increased to 17.5% while exports increased by 50% from 146,000 tonnes in 2017 to 220,000 tonnes in 2018. Overall, Kazakhstan imported 0.65 million tonnes of cement, the same as the previous year, and exported 2 million tonnes (vs 0.9 million in 2017).  

The full results and audited accounts denominated in USD are expected to be published in April 2019. 

These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.

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