Perlite Canada Inc. announces its results for its second quarter of 2004
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TSX Venture symbol: PCI
MONTREAL, June 23 /CNW Telbec/ - Perlite Canada inc. (the "company")
announces hereby the results for the second quarter 2004 and the period of
six months ended April 30th, 2004.
For the second quarter 2004, the company pursues its momentum initiated
in its first quarter. Indeed, for the second quarter 2004 the sales of the
company totalled $1,783,756 with an income before taxes of $218,758, compared
to an income before taxes of $188,362 for the second quarter of 2003.
For the six month period ended April 30, 2004, total sales were
$2,853,278, with an income before taxes of $367,174 compared to an income
before taxes of $274,020 for the six month period of 2003, representing a
34% increase.
The increase in the company's sales during the six month period ended
April 30, 2004 is subsequent to the good performance of our new representative
in Ontario. The increase in operating margin of the company is explained for
the most part by the continuous improvement of our processing methods.
Considering these results, the year 2004 looks very promising. Therefore,
the company will continue to concentrate its efforts on maintaining a
satisfactory operating margin and improve on its products range to remain one
of the leaders in its fields of endeavour in Canada as well as in the United
States.
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.
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For further information: Perlite Canada inc.: Richard Barabé,
(514) 336-6665, (514) 984-9798, (514) 336-6651 (Fax); Renmark Financial
Communications Inc.: Martin Lefebvre, mlefebvre@renmarkfinancial.com; Tina
Cameron, tcameron@renmarkfinancial.com; (514) 939-3989, (514) 939-3717,
www.renmarkfinancial.com |
