Steppe Cement reports rise in revenue
Published by Jonathan Rowland,
Editor
World Cement,
Kazakh cement producer, Steppe Cement, reported 3Q18 revenue up 26% on the previous year, while year-to-date revenue covering the first nine months of the year was up 25%.
The increase in revenue was delivered primarily through an increase in prices, which were 15% higher over the first nine months of the year compared to 2017. This reflects the company’s efforts to support price rises against volume growth.
Volumes were down 5% in 3Q17, although they were up over the first nine months, by 4% on 2017.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/11102018/steppe-cement-reports-rise-in-revenue/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
World Cement Spotlight with Dracyon Corp
In this latest World Cement Spotlight Interview, Senior Editor David Bizley is joined by Jeff Shelton of Dracyon Corp.
