ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

PCI Perlite Canada Inc.

0.81
0.00 (0.00%)
05 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Perlite Canada Inc. TSXV:PCI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.81 0.78 0.82 0 01:00:00

Perlite Canada Inc. Announces its Results for Fiscal Year 2012-2013

21/02/2014 8:36pm

Marketwired Canada


Perlite Canada inc. (TSX VENTURE:PCI) (the "Corporation") announces hereby the
results for the year ended October 31, 2013 ("Fiscal Year 2013").


The highlight of Fiscal Year 2013 is the return to profitability for the
Corporation. This performance has been achieved as a result of the
rationalization plan implemented during fiscal year 2012, of a good management
of our raw margins and of a good performance from our operating units.


The Corporation generated sales of $5,714,740 during Fiscal Year 2013
comparatively to $5,828,485 during fiscal year 2012. During fiscal year 2013,
the Corporation recorded earnings before income taxes and net earnings of
$138,187 comparatively to losses before income taxes and net lossesof $596,051
during fiscal year 2012.


Management's objective for the next fiscal year is reducing the Corporation's
debt and maintaining profitability. Management will focus its efforts on good
management of gross margins, on control of operating expenses and on performance
optimization for Lachine and Saint-Pacome plants.


Perlite Canada inc. has become a leading corporation in Canada in the
processing, distribution and sale of perlite and vermiculite, two minerals used
in industry and horticulture.


The common shares of Perlite Canada inc. are listed for trading on the TSX
Venture Exchange.


This press release contains forward-looking statements to which are associated
some risks and uncertainties. Any statement contained in this present press
release that does not constitute an historical fact can be considered as a
forward-looking statement. In this present press release, verbs such as
"believe", "anticipate", "assess" and other similar expressions indicate
generally forward-looking statements. Those statements do not warrant as for the
future performance of Perlite Canada inc. and they suppose known and unknown
risks as well as uncertainties in such a way that true future perspectives,
returns or results of the Corporation may be notably different of future returns
or results expressed or implied by these forward-looking statements.


The TSX Venture Exchange is not responsible for the truth or accuracy of this
press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Perlite Canada inc.
Richard Barabe or Martin Joyal
(514) 631-4251
(514) 631-4254 (FAX)

1 Year Perlite Canada Inc. Chart

1 Year Perlite Canada Inc. Chart

1 Month Perlite Canada Inc. Chart

1 Month Perlite Canada Inc. Chart