Perlite Canada Inc.

Perlite Canada Inc.

April 05, 2006 16:12 ET

Perlite Canada Inc. Announces its Results for its First Quarter of 2006

MONTREAL, QUEBEC--(CCNMatthews - April 5, 2006) - Perlite Canada inc. (the "company") (TSX VENTURE:PCI) announces hereby the results of its first quarter 2006 ended on January 31st, 2006.

For that period, total sales were $1,282,170 generating a before-tax income of $172,376 compared to sales of $973,004 and a before-tax income of $21,972 for the first quarter of 2005. The gross margin increased by 6% going from 20% for the first quarter of 2005 to 26% for the first quarter of 2006. This increase is due to the diminution of our production costs related to the purchase of raw material in big quantity.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Perlite Canada inc.
    Richard Barabe
    (514) 336-6665 / 984-9798
    (514) 336-6651 (FAX)