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Rock of Ages Corp.

Concord-based quarrier Rock of Ages Corp. (ROAC) has restated its earnings for the fourth quarter of 2007 and the full year, now posting deeper net losses. The firm had reported modest income in continuing operations of $1 million but a net loss for the fourth quarter of 2007 of $4.17 million, or 56 cents per share. After factoring in impairment charges of $1.36 million for a one-third equity stake in the Ukrainian quarrier VIKA Ltd., Rock of Ages now reports a net loss of nearly $5.5 million, or 74 cents per diluted share
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Title Annotation:The week that was
Publication:New Hampshire Business Review
Article Type:Brief article
Date:Apr 11, 2008
Words:96
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