Albemarle Reports Record Quarterly Net Sales and Operati...(56698 Minority interests in income of...),Health

Minority interests in income of consolidated

subsidiaries (net of tax) (3,585) (4,951)

Equity in net income of unconsolidated

investments (net of tax) 7,028 6,361

Net income $63,261 $58,108

Basic earnings per share $0.69 $0.61

Diluted earnings per share $0.68 $0.60

Weighted-average common shares outstanding -

Basic 92,349 95,288

Weighted-average common shares outstanding -

Diluted 93,688 97,504

See accompanying notes to the condensed consolidated financial information.

Albemarle Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

(In Thousands of Dollars) (Unaudited)

March 31, December 31,

2008 2007

ASSETS

Cash and cash equivalents $135,130 $130,551

Other current assets 1,008,317 922,887

Total current assets 1,143,447 1,053,438

Property, plant and equipment 2,373,532 2,314,509

Less accumulated depreciation and amortization 1,308,764 1,275,966

Net property, plant and equipment 1,064,768 1,038,543

Other assets and intangibles 767,180 738,469

Total assets $2,975,395 $2,830,450

LIABILITIES &

SHAREHOLDERS' EQUITY

Current portion of long-term debt $19,285 $16,627

Other current liabilities 389,353 386,2
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