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Trading Update

18 Oct 2010 07:00

RNS Number : 5196U
Pan Pacific Aggregates PLC
18 October 2010
 



 

Press Release

18 October 2010

 

Pan Pacific Aggregates plc

 

("PPA" or the "Company")

 

Trading Update

 

Pan Pacific Aggregates plc (AIM:PPA), an operator of quarries in British Columbia, is pleased to provide the following update on the Company's operations.

 

Highlights

Q3 has seen a 79% increase in revenue compared to Q2

Q3 has seen a 60% increase in tonnes sold compared to Q2

Q3 has seen a 12% increase in the average aggregate selling price compared to Q2

Recent Daily volumes now averaging over 2,000 tonnes and peaking at over 3,000 tonnes

 

PPA has seen increased sales at Quadling Quarry ("Quadling") which has been led by the introduction the main processing plant in June 2010 and the sale of higher specification products. Quadling has performed to management's expectations and trading in September and early October 2010 has created the critical mass where Pan Pacific Quadling Quarry Ltd is now covering all its operational costs.

 

Due to increased sales, the secondary processing section of Quadling's main processing equipment is now nearing production capacity. Production also meets the Ministry of Transport road specifications. This recent progress at Quadling will provide the solid foundation for PPA to continue moving towards profitability in the new financial year.

 

Meanwhile, greater Vancouver's robust economy continues to see buoyant market conditions and increased development activity, which through numerous infrastructure and construction projects, remains beneficial for PPA.

 

- Ends -

 

 

 

For further information:

Pan Pacific Aggregates plc

William Voaden, Managing Director

Tel: +44 (0) 20 7096 9580

 

Nomad and Joint Broker:

Matrix Corporate Capital LLP

Louis Castro / Tim Graham

Tel: +44 (0) 20 3206 7000

 

Joint Broker:

XCAP Securities PLC

John Grant/Tim Burge/David Newton

Tel: +44(0)20 7101 7070

 

Media enquiries:

Abchurch Communications Limited

Henry Harrison-Topham / Nick Probert

Tel: +44 (0) 20 7398 7715

nick.probert@abchurch-group.com

www.abchurch-group.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLLFITILLDLII
Date   Source Headline
9th May 20127:00 amRNSDirectorate Change
26th Apr 20127:00 amRNSPublication of April 2012 Newsletter
20th Apr 20127:00 amRNSRemortgaging of Quadling Quarry
13th Apr 20127:00 amRNSCompletion of BC Hydro Cable
22nd Mar 201211:42 amRNSHolding(s) in Company
21st Mar 201210:23 amRNSHolding(s) in Company
13th Mar 201212:28 pmRNSInvestment in Pan Pacific Agg. & award of options
13th Mar 20127:00 amRNSPlacing
6th Feb 20127:00 amRNSStandby Equity Distribution Agreement
26th Jan 201210:39 amRNSResult of General Meeting
26th Jan 20127:00 amRNSGeneral Meeting Statement
10th Jan 20122:49 pmRNSDirector Change and Share Consolidation
6th Jan 20124:08 pmRNSBusiness Update
15th Nov 20117:00 amRNSApproval re Cable Diversion at Quadling
11th Oct 20117:00 amRNSNewsletter Posted on Website
29th Sep 20117:00 amRNSHalf Yearly Report
19th Sep 20117:00 amRNSMajor Supply Contract Won
1st Sep 20117:00 amRNSDirectorate Change
11th Aug 201110:58 amRNSIssue of Equity
11th Aug 201110:56 amRNSResult of AGM and AGM Statement
2nd Aug 201110:57 amRNSNotice of Revised AGM Date
1st Aug 20113:05 pmRNSTotal Voting Rights
26th Jul 20117:00 amRNSNewsletter Posted on Website
19th Jul 20117:30 amRNSRestoration - Pan Pacific Aggregates plc
19th Jul 20117:29 amRNSIssue of Equity
19th Jul 20117:28 amRNSChange of Advisers
19th Jul 20117:27 amRNSFinal Results and Notice of AGM
4th Jul 20111:17 pmRNSTiming of Publication of Results
8th Jun 20117:00 amRNSResult of General Meeting
7th Jun 20119:30 amRNSChange of Directors' Roles and Update
23rd May 20112:05 pmRNSProposed CVA, Placing and Open Offer - Correction
20th May 20116:09 pmRNSProposed CVA, Placing and Open Offer
11th May 20117:00 amRNSCompany Restructuring and Rescue Plan
18th Apr 201112:35 pmRNSStatement re. Suspension
18th Apr 20117:00 amRNSUpdate on Reverse Takeover
17th Jan 20117:30 amRNSStatement regarding recent share price movement
9th Dec 20107:00 amRNSTrading Update
22nd Oct 20107:00 amRNSGrant of Share Options
22nd Oct 20107:00 amRNSGrant of Share Options
20th Oct 20107:00 amRNSShare Purchase
19th Oct 20107:09 amRNSPPA to Negotiate Agreement to Operate Shaw Pit
18th Oct 20107:00 amRNSTrading Update
24th Sep 20107:00 amRNSInterim Results
14th Sep 20107:00 amRNSAppointment of Joint Broker
16th Aug 20104:15 pmRNSDirectors Interest in Warrants
15th Jul 201012:51 pmRNSPlacing of Shares
1st Jun 20108:30 amRNSQuadling process plant commences operations
21st May 20101:00 pmRNSResult of AGM
19th May 201010:04 amRNSTrading Update
5th May 20106:06 pmRNSChange of Registered Office

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