ABER Aber Diamond (MM)

For the three months ended July 31, 2006 Mining Retail Total ------------------------------------------------------------------------- Revenue Canada $ 91,476 $ - $ 91,476 United States - 18,185 18,185 Europe - 14,776 14,776 Asia - 15,525 15,525 Cost of sales 43,256 25,202 68,458 ------------------------------------------------------------------------- 48,220 23,284 71,504 Selling, general and administrative expenses 4,373 22,798 27,171 ------------------------------------------------------------------------- Earnings from operations 43,847 486 44,333 ------------------------------------------------------------------------- Interest and financing expenses (2,714) (2,091) (4,805) Other income 1,772 33 1,805 Foreign exchange gain 2,489 130 2,619 ------------------------------------------------------------------------- Segmented earnings (loss) before income taxes $ 45,394 $ (1,442) $ 43,952 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Segmented assets as at July 31, 2006 Canada $ 743,288 $ - $ 743,288 United States - 278,501 278,501 Other foreign countries 20,383 73,427 93,810 ------------------------------------------------------------------------- $ 763,671 $ 351,928 $ 1,115,599 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Goodwill as at July 31, 2006 $ - $ 41,966 $ 41,966 Capital expenditures $ 20,883 $ 6,331 $ 27,214 Other significant non-cash items: Income tax expense (recovery) $ 6,513 $ (1,497) $ 5,016 ------------------------------------------------------------------------- For the three months ended July 31, 2005 Mining Retail Total ------------------------------------------------------------------------- Revenue Canada $ 70,795 $ - $ 70,795 United States - 19,196 19,196 Europe - 12,565 12,565 Asia - 13,143 13,143 Cost of sales 29,759 23,306 53,065 ------------------------------------------------------------------------- 41,036 21,598 62,634 Selling, general and administrative expenses 3,991 18,720 22,711 ------------------------------------------------------------------------- Earnings from operations 37,045 2,878 39,923 ------------------------------------------------------------------------- Interest and financing expenses (2,627) (1,041) (3,668) Other income 737 148 885 Foreign exchange loss (1,959) (304) (2,263) ------------------------------------------------------------------------- Segmented earnings before income taxes $ 33,196 $ 1,681 $ 34,877 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Segmented assets as at July 31, 2005 Canada $ 644,830 $ - $ 644,830 United States - 207,393 207,393 Other foreign countries 14,938 60,491 75,429 ------------------------------------------------------------------------- $ 659,768 $ 267,884 $ 927,652 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Goodwill as at July 31, 2005 $ - $ 41,966 $ 41,966 Capital expenditures $ 5,105 $ 1,670 $ 6,775 Other significant non-cash items: Income tax expense (recovery) $ 13,738 $ (950) $ 12,788 ------------------------------------------------------------------------- For the six months ended July 31, 2006 Mining Retail Total ------------------------------------------------------------------------- Revenue Canada $ 160,784 $ - $ 160,784 United States - 39,333 39,333 Europe - 31,235 31,235 Asia - 27,881 27,881 Cost of sales 82,005 50,298 132,303 ------------------------------------------------------------------------- 78,779 48,151 126,930 Selling, general and administrative expenses 9,160 45,306 54,466 ------------------------------------------------------------------------- Earnings from operations 69,619 2,845 72,464 ------------------------------------------------------------------------- Interest and financing expenses (5,511) (3,628) (9,139) Other income 3,375 53 3,428 Foreign exchange gain 242 271 513 ------------------------------------------------------------------------- Segmented earnings (loss) before income taxes $ 67,725 $ (459) $ 67,266 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Segmented assets as at July 31, 2006 Canada $ 743,288 $ - $ 743,288 United States - 278,501 278,501 Other foreign countries 20,383 73,427 93,810 ------------------------------------------------------------------------- $ 763,671 $ 351,928 $ 1,115,599 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Goodwill as at July 31, 2006 $ - $ 41,966 $ 41,966 Capital expenditures $ 40,341 $ 9,017 $ 49,358 Other significant non-cash items: Income tax expense (recovery) $ 2,678 $ (1,600) $ 1,078 ------------------------------------------------------------------------- For the six months ended July 31, 2005 Mining Retail Total ------------------------------------------------------------------------- Revenue Canada $ 139,302 $ - $ 139,302 United States - 32,944 32,944 Europe - 30,733 30,733 Asia - 22,852 22,852 Cost of sales 67,352 44,832 112,184 ------------------------------------------------------------------------- 71,950 41,697 113,647 Selling, general and administrative expenses 8,099 38,006 46,105 ------------------------------------------------------------------------- Earnings from operations 63,851 3,691 67,542 ------------------------------------------------------------------------- Interest and financing expenses (4,874) (2,195) (7,069) Other income 1,580 191 1,771 Foreign exchange loss (1,491) (276) (1,767) ------------------------------------------------------------------------- Segmented earnings before income taxes $ 59,066 $ 1,411 $ 60,477 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Segmented assets as at July 31, 2005 Canada $ 644,830 $ - $ 644,830 United States - 207,393 207,393 Other foreign countries 14,938 60,491 75,429 ------------------------------------------------------------------------- $ 659,768 $ 267,884 $ 927,652 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Goodwill as at July 31, 2005 $ - $ 41,966 $ 41,966 Capital expenditures $ 7,958 $ 2,085 $ 10,043 Other significant non-cash items: Income tax expense (recovery) $ 18,648 $ (540) $ 18,108 ------------------------------------------------------------------------- Sales to one customer in the mining segment totalled $14.2 million (fiscal 2006 - $13.5 million) for the six months ended July 31, 2006. DATASOURCE: Aber Diamond Corporation CONTACT: PRNewswire - - 09/07/2006

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