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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
24th Jun 20091:51 pmRNSHolding(s) in Company
19th Jun 20099:26 amRNSHolding(s) in Company
17th Jun 20097:00 amRNSIssue of Equity
16th Jun 20093:36 pmRNSHolding(s) in Company
15th Jun 20097:59 amRNSProposal re Creditors of Pumptown Quarry Inc
11th Jun 200910:08 amRNSHolding(s) in Company
9th Jun 200911:17 amRNSHolding(s) in Company
8th Jun 20097:00 amRNSHolding(s) in Company
4th Jun 20093:56 pmRNSHolding(s) in Company
2nd Jun 200911:24 amRNSHolding(s) in Company
1st Jun 20099:50 amRNSUpdate on HSBC Payment Deferral
29th May 20097:00 amRNSTotal Voting Rights
28th May 20092:46 pmRNSHolding(s) in Company
27th May 20094:18 pmRNSHolding(s) in Company
22nd May 20094:25 pmRNSHolding(s) in Company
22nd May 20097:00 amRNSIssue of Equity
18th May 20092:44 pmRNSHolding(s) in Company
15th May 20097:00 amRNSHSBC Payment Deferral
7th May 20098:50 amRNSHolding(s) in Company
6th May 20098:49 amRNSHolding(s) in Company
1st May 20097:00 amRNSTrading Update
30th Apr 200912:21 pmRNSTotal Voting Rights
14th Apr 200912:45 pmRNSResult of General Meeting
14th Apr 20099:51 amRNSIssue of Equity
27th Mar 20096:12 pmRNSNotice of EGM
27th Mar 20092:27 pmRNSHolding(s) in Company
18th Mar 20098:59 amRNSHSBC Settlement Agreed and Trading Update
2nd Feb 20094:43 pmRNSHolding(s) in Company
4th Dec 20084:33 pmRNSProject Update and Senior Appointment
27th Oct 20088:40 amRNSHSBC leases update
7th Oct 20087:00 amRNSAppointment of Non-Executive Director
30th Sep 20087:00 amRNSInterim Results
29th Sep 20087:30 amRNSRestoration - Pan Pacific Aggregates plc
29th Sep 20087:30 amRNSChange of Adviser
29th Sep 20087:30 amRNSUpdate Statement and Board Change
29th Aug 20081:15 pmRNSResignation of Nominated Advi
29th Aug 20081:15 pmRNSStatement re Pumptown Quarry
29th Aug 20088:00 amRNSSuspension - Pan Pacific Aggr
18th Aug 20087:00 amRNSDirectorate Change
31st Jul 20084:24 pmRNSTotal Voting Rights
31st Jul 20084:24 pmRNSNew Option Scheme
30th Jul 20085:46 pmRNSFundraising Completed
25th Jul 20084:37 pmRNSResult of AGM
23rd Jul 20087:00 amRNSIssue of Equity
14th Jul 200810:55 amRNSPumptown Sales Increase
7th Jul 20089:24 amRNSLetter of Intent Signed
30th Jun 20083:48 pmRNSTotal Voting Rights
30th Jun 20083:12 pmRNSFinal Results and Notice of A
19th Jun 20089:44 amRNSHolding(s) in Company
17th Jun 20087:00 amRNSPumptown Production

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