Steppe Cement Limited
07 September 2007
Steppe Cement Limited
Correction to Financial Statements
Please find below a correction to the Condensed Consolidated Income Statement
for Steppe Cement Ltd (the 'Company') for the period ended 30 June 2007. There
was a typographical error for the 'Cost of Sales' amount reported in the release
on 5 September 2007 which read (5,130). It should read (15,130) as shown below.
CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE PERIOD ENDED 30 JUNE 2007
The Group The Company
6 months ended 6 months ended
30.6.07 30.6.06 30.6.07 30.6.06
Note USD'000 USD'000 USD'000 USD'000
Revenue 5 38,671 28,605 50 -
Cost of sales (15,130) (12,401) - -
-------- --------- --------- --------
Gross profit 23,541 16,204 50 -
Selling expenses (2,335) (1,694) - -
General and (4,167) (3,588) (297) (221)
administrative -------- --------- --------- --------
expenses
Operating profit/ 17,039 10,922 (247) (221)
(loss)
Investment income 45 46 4 -
Finance costs (1,238) (293) - -
Other income/(loss), (252) 830 - 45
net -------- --------- --------- --------
Profit/(loss) before 15,594 11,505 (243) (176)
tax
Income tax expense 6 (5,009) (3,473) - -
-------- --------- --------- --------
Profit/(loss) for the 10,585 8,032 (243) (176)
period ======== ========= ========= ========
Attributable to:
Shareholders of the 10,585 8,032 (243) (176)
Company ======== ========= ========= ========
Earnings per share:
Basic (cents) 7 0.09 0.07
======== =========
The Company's Nominated Adviser is RFC Corporate Finance Ltd.
Contact: Stephen Allen, ph: +61 8 9480 2500
This information is provided by RNS
The company news service from the London Stock Exchange