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Pin to quick picksSteppe Cement Share News (STCM)

Share Price Information for Steppe Cement (STCM)

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Share Price: 18.50
Bid: 17.00
Ask: 20.00
Change: 0.00 (0.00%)
Spread: 3.00 (17.647%)
Open: 18.50
High: 18.50
Low: 18.50
Prev. Close: 18.50
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City building projects boost Steppe Cement

Fri, 02nd Sep 2011 07:24

Kazakh cement maker Steppe Cement narrowed losses in the half year to 30 June as it benefited from the central Asian country's government continuing to support big building projects in main cities.Steppe sold 601,099 tonnes of cement during the period, against 523,156 during the same period the previous year and also benefited from the average price rising to $72 a tonne from $61 a tonne.Pre-tax losses narrowed to $2.8m from $4.6m on revenues that rose to $43m from $31.6m.Steppe said it expects cement prices to increase "significantly" in the second half. Although new cement makers have come onto the scene, Steppe says it expects to maintain its market share at 21% over the full year."The Kazakhstan Government has continued its infrastructure projects and ongoing support for completion of real estate projects in Almaty and Astana," Steppe said. "It has been recently announced that this support will continue in the smaller cities."Astana replaced Almaty as Kazakhstan's capital in 1997 and has seen a proliferation of new buildings. Among these are the Presidential Library, due to be opened next year, which is being funded by the mining giant Kazakhmys.---RG
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18 Sep 2018 11:17

Steppe Cement Has Solid First Half As Better Prices Boost Margin

LONDON (Alliance News) - Steppe Cement Ltd on Tuesday said pretax profit grew substantially in the first half of the year as more favourable pricing led to an improved margin.In the six to

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29 May 2018 09:51

Steppe Cement 2017 Profit Rises On Improved Sales And Lower Costs

LONDON (Alliance News) - Kazakhstan-based Steppe Cement Ltd on Tuesday reported a double-digit profit growth in 2017, supported by reduction in costs and a rise in cement sales.The producer

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13 Jan 2017 08:46

Steppe Cement's revenue falls as Kazakhstan cement consumption drops

(ShareCast News) - Steppe Cement, a construction materials producer in Kazakhstan, reported that revenue fell as cement consumption in the country contracted, although the company maintained its market share. Revenue for the year ended 31 December 2016 fell 8% to 17.94m tenge (KZT), compared to 2015

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15 Nov 2016 11:51

Steppe Cement Biggest Shareholder Azmi Wan Hamzah Increases Stake

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13 Sep 2016 10:45

Steppe Cement struggles with exchange rate in first half

(ShareCast News) - Steppe Cement posted its interim results for the six months to 30 June on Tuesday, with a consolidated loss after tax of $1.5m. The AIM-traded firm sold 761,771 tonnes of cement during the period, up 6% on the same time last year. Consolidated turnover dropped 1% in Kazakh tenge,

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14 Jul 2016 07:26

Steppe Sells More Cement For Less In First Half But Gains Market Share

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3 Jun 2016 15:03

UK Shareholder Meetings Calendar - Next 7 Days

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25 May 2016 08:56

Steppe Cement Loss Widens In 2015 On Kazakhstan Tenge Devaluation

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14 Apr 2016 13:57

Steppe Cement struggles with muted Kazakh cement market

(ShareCast News) - Steppe Cement struggled with a depressed Kazakh cement market in the first quarter of 2016, with both sales volumes and income down. The AIM-traded company sold 190,935 tonnes of cement for KZT 2.004m, compared to 192,884 tonnes for KZT 2.277m in the first quarter of 2015, represe

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14 Apr 2016 09:30

Steppe Cement First Quarter Sales Fall But Increases Market Share

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14 Jan 2016 10:14

WINNERS & LOSERS SUMMARY: Tesco And Other Retailers Top Leader Board

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14 Jan 2016 08:52

Steppe Cement Loses Market Share As Revenue Falls In 2015

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13 Oct 2015 10:07

Steppe Cement Revenue Falls As Lower Prices Offset Sales Rise

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11 Sep 2015 09:31

Steppe Cement's interim loss narrows but revenue plunges on strong dollar

(ShareCast News) - Construction materials producer Steppe Cement posted a narrower pre-tax loss in the first half of the year, although revenue fell sharply because of strong currency headwinds. In the six months to 30 June, the Kazakhstan-focused group posted a $2.3m pre-tax loss compared to a $6.4

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11 Sep 2015 06:49

Steppe Cement Loss Narrows Despite Tenge Devaluation, Lower Prices

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