H. Paulin & Co., Limited - Financial results for period ending March 31, 2010

TORONTO, May 12 /CNW/ - At the H. PAULIN & CO., LIMITED Board of Directors meeting held May 12, 2010, the following financial results for the first quarter ended March 31st, 2010 were released. Shown are 2009 comparisons.

                       FIRST QUARTER ENDED MARCH 31ST

                                               2010                  2009
                                               ----                  ----
    Net Sales                        $   31,364,000       $    26,218,000

    Net Income (Loss) Before Taxes   $      559,000       $      (192,000)

    Net Income (Loss)                $      346,000       $      (106,000)

    Earnings (Loss) per share        $         0.11       $         (0.03)

The improvement in earnings in 2010 reflect the 20% increase in sales and better performance within the Company's manufacturing segment.

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.


    "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, 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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