Perlite Canada Inc. Announces its Results for its Second Quarter of 2010
June 29 2010 - 3:55PM
Marketwired Canada
Perlite Canada inc. (the "company") (TSX VENTURE:PCI) announces hereby the
results of its second quarter 2010 ended on April 30, 2010.
For the second quarter that ended April 30, 2010 (the "2nd Quarter 2010") the
Company generated revenues of $2,316,293 compared to $2,343,452 during the
second quarter that ended April 30, 2009. For the six months period ended on
April 30, 2010, Company's business income was $3,924,464 compared to $3,684,912
for the same six months period in 2009 which represent an increase of
approximately 6,5 %.
The Company recorded an income before taxes of $70,097 for the 2nd Quarter 2010
compared to a loss before taxes of $122,295 for the second quarter of 2009. For
the six months period ended on April 30, 2010, the Company recorded a loss
before taxes of $32,923 compared to a loss before taxes of $449,825 for the same
period in 2009.
The Company generated a net income of $54,702 for the 2nd Quarter 2010 compared
to a net loss $125,264 for the first quarter that ended on April 30, 2009. For
the six months period ended on April 30, 2010, the Company generated a net loss
of $11,632 compared to a net loss of $351,587 for the same period in 2009.
Perlite Canada inc. specializes 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.
Certain statements in this news release may contain forward-looking statements.
Such statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements to differ
materially from those expressed in the forward-looking statements. Perlite
Canada inc. does not assume responsibility for the accuracy and completeness of
the forward-looking statements and do not undertake any obligation to publicly
revise these forward-looking statements to reflect subsequent events or
circumstances.
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