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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