By Daniel Cancian
Date: Friday 11 Sep 2015
LONDON (ShareCast) - (ShareCast News) - Construction materials producer Steppe Cement posted a narrower pre-tax loss in the first half of the year, although revenue fell sharply because of strong currency headwinds.
In the six months to 30 June, the Kazakhstan-focused group posted a $2.3m pre-tax loss compared to a $6.4m loss in the first half of 2014, while revenue declined 13.7% year-on-year to $44.7m.
Due to the devaluation of the tenge, the Kazakh currency, against the dollar, revenue declined 14% year-on-year in dollar terms and fell 9% year-on-year in tenge terms, as average prices dropped 10% in the period.
Sales volumes rose 1.1% to 717.654 tonnes of cement, while gross margin improved by 1% as operating costs declined 12% and selling expenses per tonne fell 13% from the corresponding period in 2014.
Steppe shares were down 6.86% to 16.30p at 1043 BST on Friday.
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Currency | UK Pounds |
Share Price | 17.50p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 38.50 |
52 Week Low | 17.00 |
Volume | 347,218 |
Shares Issued | 219.00m |
Market Cap | £38.32m |
RiskGrade | 216 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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Latest | Previous | |
---|---|---|
Special | Interim | |
Ex-Div | 24-May-24 | 17-Nov-22 |
Paid | 06-Jun-24 | 02-Dec-22 |
Amount | 1.50p | 5.00p |
Time | Volume / Share Price |
17:08 | 3,000 @ 17.50p |
16:16 | 1,000 @ 17.95p |
16:06 | 20,000 @ 17.70p |
16:05 | 18,839 @ 17.53p |
15:37 | 130 @ 17.95p |
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