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Steppe Cement’s sales revenue increases in 1Q13

World Cement,


According to Stock Market Wire, Steppe cement has released its results for 1Q13. The Kazakhstani cement producer saw cement sales volumes drop by 2% from 170 080 t in 1Q12 to 166 121 t in 1Q13. However, sales revenue increased by 16% from KZT1.953 billion to KZT2.272 billion. Steppe Cement’s market share came in at 15% in 1Q13 down from 18% in the corresponding period in 2012. Cement consumption in the country grew by 17% y/y in 1Q13, with total consumption for 2013 expected to rise to 7.7 million t.

Edited from various sources by Louise Fordham.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/09042013/steppe_cement_kazakhstan_sales_results_1q13_946/


 

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