US dollar strength pushes Perlite Canada to loss
Published: Wednesday, 30 September 2015
The company has suffered from foreign exchange movements over the summer, as it purchases its raw materials in expensive US dollars.
Montreal, Quebec-based Perlite Canada Inc.
reported a net loss of Canadian dollar (C$) 180,595 ($134,659*)
in its fiscal Q3 2015 results and blamed the poor performance
on the strength of the US dollar.
Revenues for the quarter stood...