Displaying items by tag: Steppe Cement

Kazakhstan: Private businessperson Azmi Wan Hamzah has increased his stake in Steppe Cement to 31% of issued share capital from 29%. RNS News has reported that Wan Hamzah holds shares in Steppe Cement via Alwah Fund Limited, Halfmoon Bay Capital and Mango Bay Enterprises.

Kazakhstan: Steppe Cement recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$23.9m in 2019, up by 12% year-on-year from US$21.4m in 2018. Sales volumes of cement remained stable at 1.7Mt with local sales increasing by 4% and exports decreasing by 29% due to increased competition and negative currency effects. Steppe Cement said that overall domestic demand was 8.9Mt, up by 2% from 8.7Mt in 2018. The company operated at 88% production capacity and production costs per tonne rose by 10% due to increases in fuel and transportation prices.

Kazakhstan: Steppe Cement sold 236,000t of cement in the first three months of 2020, down by 11% year-on-year from 266,000t in first quarter of 2019. Its sales were US$9.36m, down by 10% from US$10.4m. Regulatory News Service has reported that Steppe Cement’s Kazakh cement market share decreased to 13% from 17% in the corresponding quarter of 2019.

Steppe Cement estimated that Kazakhstan's cement demand will decrease in 2020 due to the uncertainty of the oil market and the negative effects of coronavirus. It says that its 3.6Mt/yr integrated Karaganda plant continues to operate at 100% capacity.

Kazakhstan: Steppe Cement has announced that its revenue fell by 10% during the third quarter of 2019 on the back of lower sales volumes. The UK-listed, Kazakhstan-based producer of construction materials said that revenue for the third quarter was US$27.0m compared with US$29.9m in the year earlier period. The company said that sales volumes for the quarter fell by 11% to 576,692t. For the first nine months of 2019, Steppe Cement’s revenue rose by 10% to US$630m.

Kazakhstan: Steppe Cement’s consolidated revenue in the six months to 30 June 2019 grew by 34% year-on-year to US$36.5m from US$27.3m. Its operating profit before working capital changes was US$7.9m compared to US$5.3m in the corresponding period of 2018, an increase of 49%. Negative currency exchange effects reduced the cement producer’s net profit, despite a boost from the local economy and the company’s reduction of its administrative expenses.

Steppe Cement’s consolidated revenue in the six months to 30 June 2019 grew by 34% year-on-year to US$36.5m from US$27.3m. Its operating profit before working capital changes was US$7.9m compared to US$5.3m in the corresponding period of 2018, an increase of 49%. Negative currency exchange effects reduced the cement producer’s net profit, despite a boost from the local economy and the company’s reduction of its administrative expenses.

Kazakhstan: Steppe Cement turnover grows by 34% year-on-year to US$36.7m in first half of 2019 from US$27.5m in the same period in 2018. Its cement sales volumes rose by 6% to 0.78Mt from 0.74Mt. The cement producer said that the local market declined by 3% in the reporting period. Imports represent 8% of the market and they remained stable. Exports fell by 5% to 0.87Mt.

Kazakhstan: Steppe Cement’s sales revenue rose by 32% year-on-year to US$74.8m in 2018 from US$56.6m in 2017. Its cement sales volumes rose by 6% to 1.72Mt from 1.63Mt. Its exports grew by 50% to 0.22Mt from 0.15Mt. Overall, the cement producer said that local cement consumption fell by 4% to 8.6Mt.

Kazakhstan: Steppe Cement’s sales revenue rose by 22% year-on-year to US$32.8m in the first half of 2018 from US$26.8m in the same period in 2017. The cement producer said that the local market grew by 5% and that it had increased its market share to 15.5% from 14.5%. Its sales volumes grew by 14% to 0.74Mt from 0.65Mt. It reported that its selling expense increased as sales in the south and exports grew ‘significantly.’

The company noted that the local market is expected to be 9Mt in 2018, a figure similar to 2017. Construction was reported ‘strong’ in the west and south of the country. Imports in the country have increased by 30% so far in 2018 to 0.34Mt. Exports increased to 0.92Mt from 0.45Mt due to demand from Uzbekistan.

Kazakhstan: Steppe Cement’s turnover rose by 23% year-on-year to US$30.8m in the first half of 2018 from US$25m in the same period in 2017. Its cement sales volumes rose by 14% to 0.74Mt from 0.65Mt. The company said that the cement market in Kazakhstan increased by 7% during the first half of 2018. However, overall cement shipments from local companies increased by 15%, imports rose by 30% and exports doubled to 0.9Mt from 0.45Mt. Steppe Cement's local market share increased slightly to 16% in the first half of 2018 from 15% in the same period of 2017 and it exported 12% of its sales compared with 11% in 2017. The company estimates that local cement consumption will reach 9.4Mt in 2018.

Kazakhstan: Steppe Cement’s revenue rose by 20% year-on-year to US$65.6m in 2017 from US$54.9m in 2016. Its sales volumes of cement rose by 4% to 1.63Mt from 1.57Mt. The cement producer says that its market share remained at 17% in the reporting period. Overall the country consumed 9Mt of cement in 2017. Steppe Cement’s exports doubled to 146,000t from 73,000t. Kazakhstan imported 0.7Mt of cement in 2017 compared to 0.5Mt in 2016. It exported 0.9Mt in 2017 compared to 0.4Mt in 2016.