Correction to Interim Results

7 Sep 2007 07:00

Steppe Cement Limited07 September 2007 Steppe Cement Limited Correction to Financial Statements Please find below a correction to the Condensed Consolidated Income Statementfor Steppe Cement Ltd (the "Company") for the period ended 30 June 2007. Therewas a typographical error for the 'Cost of Sales' amount reported in the releaseon 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 - 45net -------- --------- --------- -------- 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