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PCI Perlite Canada Inc.

0.81
0.00 (0.00%)
Last Updated: 01:00:00
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 the Second Quarter of 2014

30/06/2014 6:29pm

Marketwired Canada


Perlite Canada inc. (TSX VENTURE:PCI)(the "Corporation") announces hereby the
results for its second quarter 2014 ended on April 30, 2014 (the "2nd Quarter
2014").


The Corporation generated revenues of $1,762,360 during the 2nd Quarter 2014
compared to $1,731,528 during the second quarter ended April 30, 2013 being an
increase of approximately 2 %. For the six months period ended April 30, 2014,
Corporation's revenues was $3,108,607 compared to sales revenue of $3,034,178
for the same six months period ended April 30, 2013 which represents an
approximate increase of 2,5%.


The Corporation recorded earnings before income taxes of $169,835 for the 2nd
Quarter 2014 compared with earnings before income taxes of $127 659 for the same
period in 2013. For the six months period ended April 30, 2014, the Corporation
recorded earnings before income taxes of $145,873 compared to earnings before
income taxes of $192 227 for the same period in 2013. 


It should be noted that the Corporation has registered a write-down of property,
plant and equipment held for sale in the amount of $34,746 during the 2nd
Quarter 2014 in order to take account the purchase offer of the building held by
the Corporation in New-Brunswick to bring the value of this building at the
purchase price net of expenses relating to the sale. This building has been sold
on June 12, 2014. The Corporation has Also recorded a foreign exchange loss of
$90,878 during the first quarter of the Fiscal Year following the decrease of
the Canadian dollar compare with the American dollars during that period.


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)

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1 Year Perlite Canada Inc. Chart

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