EBITDA for The Monarch Cement Company for its quarter ended March 31, 2004 was $2,552,643, a 232 per cent increase over the year earlier same quarter when Monarch Cement generated $769,860 in EBITDA. Monarch Cement has generated thirty-three consecutive quarters of positive EBITDA.  However, for Monarch Cement’s twelve months ended March 31, 2004 EBITDA was $17,357,183, compared with $20,716,610, a 16.2 per cent decrease over the comparable year earlier twelve months.