H. Paulin & Co., Limited financial results for period ending June 30, 2010

TORONTO, Aug. 11 /CNW/ - At the H. PAULIN & CO., LIMITED Board of Directors meeting held August 11, 2010, the following financial results for the second quarter ended June 30, 2010 were released. Shown are 2009 comparisons.

    
                       SECOND QUARTER ENDED JUNE 30TH
                       ------------------------------

                                              2010                  2009

    Sales                               $   37,984,000        $   35,682,000

    Income Before Taxes                 $    2,395,000        $    2,160,000

    Net Income                          $    1,512,000        $    1,597,000

    Earnings per share                  $         0.46        $         0.49
    

The following results are for the six months ended June 30, 2010. Shown are 2009 comparisons.

    
                         SIX MONTHS ENDED JUNE 30TH
                         --------------------------

                                              2010                  2009

    Sales                               $   69,348,000        $   61,900,000

    Income Before Taxes                 $    2,954,000        $    1,968,000

    Net Income                          $    1,858,000        $    1,491,000

    Earnings per share                  $         0.57        $         0.45
    

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 & Co. Limited

For further information: For further information: H. Paulin & Co. Limited, 55 Milne Avenue, Toronto, Ontario, 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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