Business
Correction to Interim Results
Correction to Interim Results.
About this update from Steppe Cement Ltd
[{"type":"text","content":"\n Steppe Cement Limited\n07 September 2007\n\n\n\nSteppe Cement Limited\n\nCorrection to Financial Statements\n\n\nPlease find below a correction to the Condensed Consolidated Income Statement\nfor Steppe Cement Ltd (the 'Company') for the period ended 30 June 2007. There\nwas a typographical error for the 'Cost of Sales' amount reported in the release\non 5 September 2007 which read (5,130). It should read (15,130) as shown below.\n\n\n\nCONDENSED CONSOLIDATED INCOME STATEMENT\n\nFOR THE PERIOD ENDED 30 JUNE 2007\n\n The Group The Company\n 6 months ended 6 months ended\n 30.6.07 30.6.06 30.6.07 30.6.06\n Note USD'000 USD'000 USD'000 USD'000\n\nRevenue 5 38,671 28,605 50 -\n\nCost of sales (15,130) (12,401) - -\n -------- --------- --------- --------\n\nGross profit 23,541 16,204 50 -\n\nSelling expenses (2,335) (1,694) - -\nGeneral and (4,167) (3,588) (297) (221)\nadministrative -------- --------- --------- --------\nexpenses\n\nOperating profit/ 17,039 10,922 (247) (221)\n(loss)\n\nInvestment income 45 46 4 -\nFinance costs (1,238) (293) - -\nOther income/(loss), (252) 830 - 45\nnet -------- --------- --------- --------\n\nProfit/(loss) before 15,594 11,505 (243) (176)\ntax\n\nIncome tax expense 6 (5,009) (3,473) - -\n -------- --------- --------- --------\n\nProfit/(loss) for the 10,585 8,032 (243) (176)\nperiod ======== ========= ========= ========\n\nAttributable to:\nShareholders of the 10,585 8,032 (243) (176)\nCompany ======== ========= ========= ========\n\nEarnings per share:\n\nBasic (cents) 7 0.09 0.07\n ======== =========\n \n\nThe Company's Nominated Adviser is RFC Corporate Finance Ltd.\n\n\nContact: Stephen Allen, ph: +61 8 9480 2500\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":3078,"tagName":"div"}]