H. Paulin & Co., Limited financial results for period ending March 31, 2012
TORONTO, May 10, 2012 /CNW/ - At the H. PAULIN & CO., LIMITED Board of Directors meeting held May 10, 2012, the following financial results for the first quarter ended March 31st, 2012 were released. Shown are 2011 comparisons.
| FIRST QUARTER ENDED MARCH 31ST | ||||||||||
| 2012 | 2011 | |||||||||
| Sales | $ | 35,809,000 | $ | 33,846,000 | ||||||
| Income Before Taxes | $ | 1,564,000 | $ | 381,000 | ||||||
| Net Income | $ | 1,095,000 | $ | 261,000 | ||||||
| Earnings per share | $ | 0.33 | $ | 0.08 | ||||||
The Company's results were prepared in accordance with International Financial Reporting Standards ("IFRS").
The Board of Directors' Board declared a dividend of $0.05 (five cents) per Class "A" share, payable June 18, 2012 to shareholders of record June 1, 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
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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