1st Quarter Results

30 Apr 2008 07:00

Asia Cement Corporation30 April 2008 Asia Cement Corporation Balance sheets March 31, 2008 (In Thousand of New Taiwan Dollars) Asset Amount Liabilities & Shareholders' Equity AmountCurrent Asset 10,199,363 Current Liabilities 8,076,346Long Term investment 87,430,302 Long term interest bearing Liabilities 19,793,564Fixed assets 2,033,539 Provision for land tax 1,443,866Other assets 8,308,751 Other Liabilities 1,723,375 - Total Liabilities 31,037,151 - - - Capital Stock 27,346,909 Capital Surplus 7,181,473 - Retained earnings 25,039,277 - Other adjustment for Shareholders' Equity 17,367,145 - Total Shareholders' Equity 76,934,804 - Total Assets 107,971,955 Total Liabilities & Shareholders' Equity 107,971,955 Asia Cement Corporation Statements of Income For the three months ended March 31,2008 (In Thousand of New Taiwan Dollars, except earnings per share) Item Amount Net sales 2,638,563 Cost of good sold 2,148,067 Gross Profit 490,496 Unrealized Profit -9,093 Realized Gross Profit 481,403 Operating Expense 173,171 Operating income 308,232 Non-operation Income 3,242,927 Non-operation Expense 608,425 Income before tax 2,942,734 Tax 79,118 Net income 2,863,616 Earnings per share after tax 1.05 This information is provided by RNS The company news service from the London Stock Exchange