Perlite Canada incomes rise despite turbulent currencies

By James Sean Dickson
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.

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