Steppe Cement (LSE:STCM) reported stable revenue growth for 2024, driven by increased cement consumption due to infrastructure demand, despite facing cost inflation and competitive pressures. The company completed an upgrade of its Line 6, enhancing clinker production, and maintained operational efficiency, although net profit declined due to rising input costs and currency effects. Looking ahead, Steppe Cement plans to focus on cost efficiency and strategic investments to support production growth while managing market competition and rising electricity costs.
More about Steppe Cement
Steppe Cement Limited operates in the cement industry, focusing on the production and distribution of cement and clinker primarily in Kazakhstan. The company maintains a significant market presence with a 14.5% market share, leveraging strategic pricing and operational efficiency to navigate a competitive domestic market.
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