EBITDA for The Monarch Cement Company  for its quarter ended December 31, 2003 was $3,826,187, a 21 per cent decrease over the year earlier same quarter when Monarch Cement generated $4,846,099 in EBITDA. Monarch Cement has generated thirty-two consecutive quarters of positive EBITDA. EBITDA for the most recent quarter also reached a two year low.  For Monarch Cement’s twelve months ended December 31, 2003 EBITDA was $15,852,957, compared with $21,560,622, a 26 per cent decrease over the comparable year earlier twelve months. EBITDA for the most recent twelve months also reached a five year low.  The shares of Monarch Cement were recently trading at $20.60 which is within 7 per cent of their one year high of $22.00 on February 20, 2004. Published under Cement News