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PCI Perlite Canada Inc.

0.81
0.00 (0.00%)
24 May 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

01/04/2014 8:03pm

Marketwired Canada


Perlite Canada inc. (TSX VENTURE:PCI)(the "Company") announces hereby the
results for its first quarter 2014 ended on January 31, 2014 (the "1st Quarter
2014").


The Company generated revenues of $1,346,247 during the first quarter ended
January 31, 2014 compared to $1,302,650 during the first quarter ended January
31, 2013, an increase of approximately 3%.


The Company recorded a loss before taxes and a net loss of $23 962 for the 1st
Quarter 2014 compared to earnings before taxes and net earnings of $64,568 for
the 1st quarter of 2013. Loss recorded during the quarter compared with earnings
recorded during the same period last year is mainly explained by the decrease of
the Canadian dollar compare with the American dollar which caused a foreign
exchange loss of $90,878. Without taking into account this foreign exchange
loss, the Company would have recorded earnings before taxes and net earnings of
$66,916.


It should be noted that the Company has sold its assets held for sale located in
Baie-du-Fevbre during the 1st Quarter 2014.


Perlite Canada inc. has become a leading company 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 Company may be notably different of future returns or
results expressed or implied by these forward-looking statements.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


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

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