Cement News tagged under: Steppe Cement
Steppe Cement reports 1H24 revenues of US$34m20 September 2024, Published under Cement NewsSteppe Cement reported its 1H24 unaudited interim results with revenues amounting to US$34.4m, a seven per cent fall from US$36.9m in the corresponding period of 2023. The decline was mainly attributed to a four per cent drop in sales volume. The group made a loss after tax of US$3.5m in the 1H24 compared to US$0.1m profit after tax in the 1H23. First-quarter trading saw an 18 per cent in sales for Steppe Cement, but this was offset by a two per cent rise in the 2Q24, while sales volumes ... |
Steppe Cement posts 24% drop in 1Q revenue05 April 2024, Published under Cement NewsKazakhstan-based Steppe Cement reported revenue of KZT3.779bn (US$8.4m) in the first quarter of 2024, down 23.5 per cent from KZT4.938bn in the year-ago period. The company's market share in Kazakhstan contracted to 11.5 per cent in the 1Q24 from 12.7 per cent in the 1Q23. Steppe Cement sold 175,383t of cement, representing a 18.4 per cent drop when compared with the 1Q23 when sales volumes stood at 214,832t. The average price received by the cement producer fell 6.3 per cent to KZT21,545... |
Steppe Cement reports lower volumes in 1H2313 July 2023, Published under Cement NewsKazakhstan-based Steppe Cement Ltd has reported sales volumes of 749,034t of cement in the first half of 2023, down from 837,063t in the same period a year earlier. Revenue over the same period fell from KZT19,579m (US$44.09m) to KZT16,977m. The average price for delivered cement over the 1H23 stood at KZT22,665/t (ex-VAT), compared to KZT23,391/t in the first half of 2022. The ex-factory price over the same period declined from KZT20,485/t to KZT19,205/t. The cement market in Kazakhst... |
Steppe Cement sees volumes fall 24% in 1Q2314 April 2023, Published under Cement NewsKazakhstan-based Steppe Cement has reported sales of KZT4.94bn (US$10.96m) in the opening quarter of 2023, compared to KZT6.3bn in the same period a year earlier, representing a 21 per cent YoY decline. According to the Morning Star, in terms of cement volumes, over the same period sales fell from 281,968t to 214,832t, down 24 per cent YoY. The company’s market share has also slipped from 14 to 13 per cent. Cement demand in Kazakhstan is expected to come in at around 10-10.5Mt in 2023, ... |
Steppe Cement records 11% revenue growth in 202212 January 2023, Published under Cement NewsSteppe Cement Ltd recorded 11 per cent revenue growth in 2022 to KZT40m (US$86,560) from KZT36m a year earlier, citing positive market conditions as it focussed on the Kazakh domestic market. The average price for delivered cement in 2022, excluding value added tax, was KZT23,963/t, up 12 per cent from KZT21,332 a year earlier. Steppe Cement reported positive market conditions in the Kazakh domestic market where cement market consumption remained at around 11.6Mt last year. Steppe Ce... |
Steppe Cement CEO increases share14 October 2022, Published under Cement NewsThe family of Javier del Ser Perez, chief executive officer at Kazakhstan’s Steppe Cement , has increased its share in the company. Following the purchase of 300,000 ordinary shares, the family now holds 18,543,115 ordinary shares, equivalent to an 8.47 per cent share in the cement producer. Steppe Cement currently runs two integrated cement plants in Kazakhstan under its subsidiaries – Central Asia Cement JSC (1.1Mta) and Karcement JSC (0.8Mta) – giving a total cement production ca... |
Steppe Cement reports 9% increase in revenue in 3Q2207 October 2022, Published under Cement NewsKazakhstan's Steppe Cement Ltd has posted a nine per cent YoY increase in revenue in the 3Q22. Revenue came in at KZT13,071m (US$27.7m) compared to KZT12,045m in the same period last year. In the 9M22, revenue was KZT32,651m, up 13 per cent YoY from KZT28,812m in the 9M21. The company sold 546,327t of cement in the 3Q22, up two per cent YoY. In the opening nine months of this year, sales reached 1,362,407t, down one per cent from the 1,375,464t reported in the 9M21. The average pri... |
Steppe Cement sees 65% surge in 1H post-tax consolidated profit30 September 2022, Published under Cement NewsSteppe Cement has announced a consolidated profit after tax of US$10.2m for the six months ended 30 June 2022, up 65 per cent YoY. The Kazakstan cement producer’s gross margin in the 1H22 edged up from 44 to 46 per cent in US$ terms on the back of cement price increases . Selling expenses per tonne (in US$ terms) were down 20 per cent YoY in the 1H22 due to increased sales to markets located closer to the company’s cement plant. However, production costs increased by 11 per cent in ... |
Steppe Cement sees turnover improve 18% YoY in the 1H2213 July 2022, Published under Cement NewsSteppe Cement sold 837,063t of cement in the first half of 2022, compared to 840,661t in the same period a year earlier. While volumes remained stable, turnover over the same period improved by 18 per cent from KZT16,657m (US$35.1m) to KZT19,579m. The average price of delivered cement over the 1H22 was KZT23,391/t, up from KZT19,814/t in the 1H21. The average ex-factory price came in at KZT20,485/t in the opening half of 2022, versus KZT16,571/t in the first half of 2021. Steppe Cement cu... |
Steppe Cement increases capex for 2022-2313 June 2022, Published under Cement NewsKazahstan’s Steppe Cement plans to invest US$7m in capex in 2022 and the first half of 2023. Among the projects outlined is the completion of the new separator for cement mill 1 to increase slag content and cement production, and reduce electricity consumption, as well as starting the new separator for cement mill 2. The raw mill 3 separator will be revamped to increase production on Line 6, along with modifications to the Line 6 preheater. Bag filters are to be updated, software for the con... |