Displaying items by tag: Steppe Cement

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.

Kazakhstan: Steppe Cement has counteracted falling sales volumes with a price rise. Its sales volumes of cement fell by 15% year-on-year to 0.65Mt in the first half of 2017 from 0.76Mt in the same period in 2016. However, its sales revenue rose by 4% to US$26m from US$25m.

Overall the cement producer said that the country’s cement market contracted by 1% during the reporting period. Cement shipments from local producers rose by 5% though as imports remained flat and exports doubled due to favourable foreign exchange rates. Steppe Cement’s local market share fell to 15% from 18% but its exports rose markedly to 11% of its sales from 4%. The cement producer forecasts that the country as a whole will consume 9Mt of cement in 2017.

Kazakhstan: Steppe Cement’s revenue has fallen by 8% year-on-year to US$54m in 2016 from US$59m in the same period in 2015. Sales volumes of cement fell by 4% to 1.57Mt from 1.64Mt. The drop in revenue and sales volumes was blamed on increased competition and the start-up of two cement kilns in the country.

The cement producer reported that the country’s cement consumption fell by 8% to 8.9Mt in 2016. It imported 0.5Mt and exported 0.4Mt, with imports falling and exports rising respectively. The cement producer said that its market share was 17% in 2016. It will publish its full financial results for the year in April 2017.

Kazakhstan: Steppe Cement has reduced its consolidated loss after tax to US$1.5m in the first half of 2016 from US$2.2m in the same period in 2015. Its turnover fell by 47% year-on-year to US$23.7m from US$44.7m due to a devaluation of the Kazakh Tenge. Despite this, it increased its sales of cement by 6% to 0.76Mt from 0.72Mt.

The cement producer reported that the Kazakh cement market decreased by 10% during the first half of 2016. It expects a market of about 9Mt in 2016, down from 9.6Mt in 2015. Steppe Cement has increased its market share to 18% year-on-year in the reporting period from 16% and it expects to reach a share of 19% for the full year. Imports of cement into Kazakhstan have decreased by 63% in 2016 as the Russian Rouble exchange rate has returned to its historical level against the KZT. Imports represent 5% of the market down from 12% in 2015.