Perlite Canada swings to loss in 2015 despite 5% sales increase
Published: Monday, 29 February 2016
The Quebec-based processor and distributor of perlite and vermiculite products for horticultural uses blamed currency movements for its decline in earnings and said it would look at adjusting its prices this year in order to recoup profits.
Perlite Canada Inc.
recorded a net loss of Canadian dollar (C$) 115,624 ($85,214*)
for the full fiscal year ending 31 October 2015, down from
earnings of C$225,680 the previous year.
The Quebec-based perlite and...