News Column

Steppe Cement 2013 financial results

May 5, 2014

Steppe Cement has released its 2013 financial results. Revenues increased 7% YoY to USD 128mn and EBITDA rose 17% YoY to 30mn, while net profit was up 25% YoY to USD 11mn. Net debt rose 4% from the end of 2012 to USD 37mn, but was down 13% from the end of 1H13. Net debt/EBITDA stood at 1.2x at the end of 2013 vs. 1.4x a year earlier.

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Source: EMBIN (Emerging Markets Business Information News)

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