Paulin Sales & Profit Slump
August 14
00:00
2007
Paulin Sales & Profit Slump
Jason Sandefur
H. Paulin & Co. reported sales fell 12% to CAD 37.53 million (US$35.1 million) during the second quarter of 2007, with operating income dropping 43% to CAD 1.74 million (US$1.63m) and net profit declining 47% to CAD 1.1 million (US$1.02m).
Revenue during the first six months of 2007 slipped 11% to CAD 71.5 million (US$66.8m), while operating income decreased 48% to CAD 2.55 million (US$2.4m). First-half profit was reduced 53% to CAD 1.6 million (US$1.5m). Web: hpaulin.com �2007 FastenerNews.com
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