Steppe Cement (GB:STCM) has released an update.
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Steppe Cement Ltd reported a 7% revenue increase in Q3 2024 compared to the same period in 2023, with sales volume rising by 5% and a slight price increase of 2%. Despite a 2% revenue dip over the first nine months of 2024, the company has improved production efficiency and stabilized costs, maintaining a cash reserve of USD 11 million. The company expects its market share to remain steady at 15% amidst a constant domestic cement demand and decreased imports.
For further insights into GB:STCM stock, check out TipRanks’ Stock Analysis page.
