Steppe Cement Limited Market update for the first half of 2021 (4212E)
July 07 2021 - 1:00AM
UK Regulatory
TIDMSTCM
RNS Number : 4212E
Steppe Cement Limited
07 July 2021
7 July 2021
Steppe Cement Ltd
Market update for the first half of 2021
In the first half of 2021, Steppe Cement Ltd ("Steppe Cement" or
the "Company") sold 840,661 tonnes of
cement for 16,657 million Tenge, compared with 764,752 tonnes of
cement for 13,677 million Tenge in
the first half of 2020. This represents an increase of 10% in
volume and an increase of 22% in turnover over the same period in
2020.
The average price for the current period for delivered cement
was 19,814 Tenge per tonne (ex-VAT),
compared with 17,884 Tenge per tonne in the corresponding period
of 2020. The ex-factory price for the
current period was 16,571 Tenge per tonne, compared with 14,727
Tenge per tonne in the
corresponding period of 2020.
The cement market in Kazakhstan increased by 25% during the
first half of 2021, compared with the same period last year.
This significant increase can be partly justified as the
government has allowed partial withdrawals from individual's
pension funds to be invested in real estate.
Imports represented 5.2% of the local market, remaining stable,
and exports from Kazakhstan were increased by 12% to 0.96 million
tonnes. Steppe Cement's local market share was 14.3% in the first
half of 2021 and the Company exported 8.5% of its sales.
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.
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