H. PAULIN & CO., LIMITED - FINANCIAL RESULTS FOR PERIOD ENDING March 31, 2011

TORONTO, June 2, 2011 /CNW/ - At the H. PAULIN & CO., LIMITED Board of Directors meeting held June 2, 2011, the following financial results for the first quarter ended March 31st, 2011 were released.  Shown are 2010 comparisons.

FIRST QUARTER ENDED MARCH 31ST

        Restated
    2011   2010
         
Sales $ 33,846,000 $ 31,364,000
         
Income Before Taxes $ 381,000 $ 644,000
         
Net Income $ 261,000 $ 431,000
         
Earnings per share $ 0.08 $ 0.13

The Company's results are now being prepared in accordance with International Financial Reporting Standards ("IFRS"). Accounting policies have changed and the presentation, financial statement captions and terminology used in the accompanying unaudited financial statements differ from that used in all previously issued financial statements and quarterly and annual reports. Further details on the conversion to IFRS are provided in Management's Discussion and Analysis and in the notes to the unaudited financial statements as at and for the quarter ended March 31, 2011.

The Board of Directors' did not declare a dividend.

H. Paulin & Co., Limited is a leading Canadian manufacturer and merchandiser of bolts, nuts, screws and fluid system components for the retail hardware, industrial and automotive markets.

Additional information about H. Paulin & Co., Limited, including its Annual Information Form (AIF) and annual and interim consolidated financial statements, is available on the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

H. PAULIN & CO., LIMITED

"Murray Mateyk"
_____________________
Murray Mateyk, Chief Financial Officer

SOURCE H. Paulin

For further information:

55 Milne Avenue
Toronto, ON  M1L 4N3 Canada
Telephone (416) 694-3351  Fax  (416) 694-2916
Toll Free 1-800-268-4000
Website www.hpaulin.com

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H. Paulin & Co. Limited

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