Perlite Canada Inc. Announces its Results for its Second Quarter of 2010
June 29 2010 - 3:55PM
Marketwired
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Perlite Canada Inc. Richard Barabe or Martin Joyal
514-631-4251 514-631-4254 (FAX)
Perlite Canada Inc. (TSXV:PCI)
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