9 Oct 2014 07:00

Steppe Cement Ltd
9 October 2014
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Market Update for the Third Quarter Ended 30 September 2014
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Third quarter 2014 revenue of KZT 7,652 million was higher than revenue of KZT 7,235 million achieved in the corresponding quarter in 2013. For the 9 months ended 30 September 2014, Steppe Cement Ltd ("Steppe Cement") recorded total revenue of KZT 16,778 million compared to KZT 15,399 million in the corresponding 9 month period in 2013, representing a 9% improvement.
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A sales volume of 582,429 tonnes was achieved during the third quarter 2014, a 16% increase from the third quarter of 2013. For the first 9 months of 2014, sales volume increased by 21% to 1,291,888 tonnes from 1,065,852 tonnes in the corresponding 9 month period in 2013.
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Average price (ex-VAT) for delivered cement was KZT 12,987 per tonne in the first 9 months of 2014 compared to KZT 14,448 per tonne in the corresponding period in 2013. Ex-factory price for the first three quarters of 2014 stood at KZT 10,952 per tonne representing USD 61 per tonne based on the current exchange rate.Â
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The cement market in Kazakhstan increased by 5% during the first 9 months of 2014 compared to the corresponding period in 2013. Imports decreased from 20% to 14% of the total consumption. Steppe Cement's market share stood at 19% in September 2014.
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Steppe Cement's AIM nominated adviser is RFC Ambrian Limited.
Contact Stephen Allen or Trinity McIntyre at +61 8 94802500.