Perlite Canada Inc.
TSX VENTURE : PCI

Perlite Canada Inc.

June 30, 2011 11:27 ET

Perlite Canada Inc. Announces its Results for its Second Quarter of 2011

MONTREAL, QUEBEC--(Marketwire - June 30, 2011) - Perlite Canada inc. (the «Company») (TSX VENTURE:PCI) announces hereby the results of its second quarter 2011 ended on April 30, 2011.

For the second quarter that ended April 30, 2011 (the "2nd Quarter 2011") the Company generated revenues of $2,188,504 compared to revenues of $2,316,293 during the second quarter ended April 30, 2010 and revenues of $2,343,452 during the second quarter ended April 30, 2009. For the six months period ended on April 30, 2011, Company's business revenues were $3,788,906 compared to $3,924,464 for the same six months period in 2010 and $3,684,912 in 2009.

The Company recorded earnings before income taxes of $62,104 for the 2nd Quarter 2011 compared to earnings before income taxes of $70,097 for the second quarter of 2010 and a loss before taxes of $122,295 for the second quarter of 2009. For the six months period ended on April 30, 2011, the Company recorded earnings before income taxes of $28,430 compared to a loss before taxes of $32,923 for the same period in 2010 and a loss before taxes of $449,825 for the same period in 2009.

The Company generated net earnings of $42,951 for the 2nd Quarter 2011 compared to net earnings of $54,702 for the second quarter of 2010 and a net loss of $125,264 for the second quarter of 2009. For the six months period ended on April 30, 2011, the Company generated net earnings of $19,661 compared to a net loss of $11,632 for the same period in 2010 and a net loss of $351,587 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.

Contact Information

  • Perlite Canada inc.
    Richard Barabe or Martin Joyal
    (514) 631-4251
    (514) 631-4254 (FAX)