Perlite Canada incomes rise despite turbulent currencies
Published: Tuesday, 30 June 2015
Buying vermiculite and perlite in US dollars has reduced the company’s earnings owing to higher purchasing costs, but has been offset by a claim against the company being converted to Canadian dollars, reducing its effect, and contributing to an overall increase in net earnings for Perlite Canada.
Montreal, Canada-based Perlite Canada Inc.
generated Canadian dollar (C$) 1.89m ($1.53m*) in the second
quarter of 2015, up around 7% from last year’s
equivalent figure of C$1.76m.
The perlite and...