Perlite Canada Inc. Announces its Results for the First Quarter of 2014
April 01 2014 - 3:03PM
Marketwired
Perlite Canada Inc. Announces its Results for the First Quarter of
2014
MONTREAL, QUEBEC--(Marketwired - Apr 1, 2014) - 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.
Perlite Canada inc.Richard Barabe or Martin Joyal(514)
631-4251(514) 631-4254
Perlite Canada Inc. (TSXV:PCI)
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