Perlite Canada inc. Announces its Results for the Second Quarter of 2014
01 July 2014 - 3:29AM
Marketwired
Perlite Canada inc. Announces its Results for the Second Quarter of
2014
MONTREAL, QUEBEC--(Marketwired - Jun 30, 2014) - 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.
Perlite Canada inc.Richard Barabe or Martin Joyal(514)
631-4251(514) 631-4254
Perlite Canada Inc. (TSXV:PCI)
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