H. Paulin & Co., Limited - Financial results for period ending September 30, 2007



    TORONTO, Nov. 12 /CNW/ - At the H. PAULIN & CO., LIMITED Board of
Director's meeting held November 9, 2007, the following financial results for
the Third Quarter ended September 30th, 2007 were released. Shown are 2006
comparisons.

    
                     THIRD QUARTER ENDED SEPTEMBER 30TH
                     ----------------------------------
                                               2007                 2006
                                               ----                 ----
    Sales                                 $  34,027,000        $  36,774,000
    Income Before Taxes                   $   1,116,000        $   1,886,000
    Net Income                            $     699,000        $   1,091 000
    Earnings per share                    $        0.22        $        0.34


    The following results are for the nine months ended September 30th, 2007.
Shown are 2006 comparisons.

                       NINE MONTHS ENDED SEPTEMBER 30TH
                       --------------------------------

                                               2007                 2006
                                               ----                 ----
    Sales                                 $ 105,527,000        $ 117,426,000
    Net Income Before Taxes               $   3,672,000        $   6,874,000
    Net Income                            $   2,314,000        $   4,482,000
    Earnings per share                    $        0.72        $        1.40
    

    NOTE: The 2006 "Earnings per share" have been restated to reflect the
impact of the three-for-one stock subdivision approved May 30, 2007 for record
date June 18, 2007.
    Also, the Board declared a semi-annual dividend of $0.05 (five cents) per
Class "A" shares, payable December 18, 2007 to shareholders of record
December 3, 2007.

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

    H. PAULIN & CO., LIMITED

    "Carl Krause"

    -------------------------
    Carl W. Krause, Treasurer





For further information:

For further information: H. Paulin & Co. Limited, 55 Milne Avenue,
Toronto, Ontario, Canada, M1L 4N3, Telephone (416) 694-3351, Fax (416)
694-1869, Toll Free 1-800-268-4000, E-mail paulin@hpaulin.com

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H. Paulin & Co. Limited

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