Steppe Cement reports sales growth in the third quarter of 2024

steppe cement (GB:STCM) has released an update.

Steppe Cement Ltd reported a 7% increase in sales in the third quarter of 2024 compared to the same period in 2023, with sales volume increasing by 5% and a slight price increase of 2%. Despite a 2% decline in sales in the first nine months of 2024, the company has improved production efficiency and stabilized costs, maintaining a cash reserve of $11 million. The company expects its market share to remain stable at 15% with constant domestic cement demand and declining imports.

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