Perlite Canada Inc. Announces its Results for Fiscal Year 2012-2013
22 February 2014 - 8:36AM
Marketwired
Perlite Canada Inc. Announces its Results for Fiscal Year 2012-2013
MONTREAL, QUEBEC--(Marketwired - Feb 21, 2014) - 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-Pacôme 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.
Perlite Canada inc.Richard Barabe or Martin Joyal(514)
631-4251(514) 631-4254
Perlite Canada Inc. (TSXV:PCI)
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