Perlite Canada Sales Squeezed by Dollar Devaluation

Perlite Canada Inc
of Montreal, QC has recorded a net loss before income tax of CDN$115,624 on net sales of CDN$6.1 million for the year ended October 31, 2015 compared with net earnings of CDN$225,680 on sales of CDN$5.80 million in the prior year. The decrease in earnings reflects the devaluation of the Canadian dollar versus the U.S. dollar. The volume of perlite sold by the company during the year was 7.3% higher offsetting a 5% decline in the volume of vermiculite sold.

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