Perlite Canada Inc.

Perlite Canada Inc.

March 01, 2007 11:59 ET

Perlite Canada Inc. Announces its Results for Fiscal Year 2005-2006

MONTREAL, QUEBEC--(CCNMatthews - March 1, 2007) - Perlite Canada inc. (the "company")(TSX VENTURE:PCI) announces hereby the results for the year ended October 31, 2006.

Corporate sales of the company for that exercise totalled $4,918,507 compared to $4,772,775 for the fiscal year 2005. This 3% increase is explained mainly by an increase in sales of raw products. Indeed, sales of ore perlite for the present exercise are $359,114 compared to $49,963 for the previous exercise.

Besides the increase in sales, the Company once again improved its income before taxes. For the fiscal year 2005-2006, income before taxes amounted to $713,444 including a credit for research and development of $166,407 in comparison to an income before taxes of $495,773 including a credit for research and development of $94,447 for the fiscal year 2004-2005. The basic earnings per common share increased by 67% going from $.03 for fiscal year 2005 to $.05 for the year ended October 31, 2006.

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.

The TSX Venture Exchange is not responsible for the truth or accuracy of this press release.

Contact Information

  • Perlite Canada Inc.
    Richard Barabe
    514-336-6665 / 984-9798