H. Paulin & Co., Limited Financial Results For Period Ending June 30, 2012
TORONTO, Aug. 9, 2012 /CNW/ - At the H. PAULIN & CO., LIMITED Board of Directors meeting held August 9, 2012, the following financial results for the second quarter ended June 30, 2012 were released. Shown are 2011 comparisons.
| SECOND QUARTER ENDED JUNE 30TH | ||||
| 2012 | 2011 | |||
| Sales | $ | 42,982,000 | $ | 40,083,000 |
| Income Before Taxes | $ | 4,478,000 | $ | 3,309,000 |
| Net Income | $ | 3,272,000 | $ | 2,360,000 |
| Basic Earnings per share | $ | 1.00 | $ | 0.72 |
| Diluted Earnings per share | $ | 0.99 | $ | 0.71 |
The following results are for the six months ended June 30, 2012. Shown are 2011 comparisons.
| SIX MONTHS ENDED JUNE 30TH | |||||
| 2012 | 2011 | ||||
| Sales | $ | 78,791,000 | $ | 73,929,000 | |
| Income Before Taxes | $ | 6,042,000 | $ | 3,690,000 | |
| Net Income | $ | 4,367,000 | $ | 2,621,000 | |
| Basic Earnings per share | $ | 1.33 | $ | 0.80 | |
| Diluted Earnings per share | $ | 1.32 | $ | 0.79 | |
The Company celebrated being listed on the Toronto Stock Exchange for 40 years by opening the stock exchange on August 2, 2012.
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
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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