Steppe Cement reveals increase in sales volumes and revenue for 2014

According to preliminary, unaudited results released via the London Stock Exchange, Steppe Cement Ltd achieved a revenue of KZT20,925 million in 2014, up 7% y/y.

The Kazakhstani cement manufacturer sold more than 1.6 million t of cement in the 12 months ending 31 December 2014. This is 18% higher than the 1.37 million t sold in 2013.

The company achieved a market share of 19% in 2014, an improvement on 2013’s 17%. Kazakhstan’s cement consumption is estimated at 8.5 million t for 2014. The country exported some 0.5 million t of cement last year and imported around 1.1 million t.

Steppe Cement’s full, audited results are due to be released in April.

Adapted from press release by Louise Fordham

Read the article online at: https://www.worldcement.com/europe-cis/19012015/steppe-cement-releases-2014-preliminary-unaudited-results-161/