By Iain Gilbert
Date: Wednesday 11 Oct 2017
LONDON (ShareCast) - (ShareCast News) - Steppe Cement announced a sharp rise in third quarter revenue growth on Wednesday despite a drop in sales volumes for the year-to-date.
Versus a year ago, total sales jumped 27% for the three months ending in September to reach KZT 9.31bn.
However, while revenues grew 15% on a nine-month basis to hit KZT 17.89bn, amid an 18% jump in its average price, excluding VAT, for delivered cement to KZT 13,372 per tonne, volumes declined by 3% from a year earlier 1,336,078 tonnes.
That was despite a steady cement market in Kazhakstan over that same time frame, although exports from the country doubled to 0.7m tonnes.
On a cheerier note, for the third quarter alone volumes were up by 12% to 685,745 tonnes, thanks to good clinker output and stock availability.
The Malaysian firm maintained its cement market estimate for Kazhakstan of 9m tonnes for 2017, predicting that it would take a 17% market share.
As of 1040 BST, shares had dropped 8.97% to 15.02p.
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Currency | UK Pounds |
Share Price | 17.50p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 40.00p |
52 Week Low | 16.00p |
Volume | 98,740 |
Shares Issued | 219.00m |
Market Cap | £38.32m |
RiskGrade | 216 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 17-Nov-22 | 15-Jul-21 |
Paid | 02-Dec-22 | 30-Jul-21 |
Amount | 5.00p | 2.50p |
Time | Volume / Share Price |
16:07 | 112 @ 18.34p |
15:52 | 398 @ 16.70p |
15:48 | 4,362 @ 16.66p |
15:47 | 4,567 @ 16.00p |
14:37 | 13,631 @ 18.34p |
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