Profit Slips on Higher Sales at Paulin

Jason Sandefur

H. Paulin & Co. sales climbed 5% to CAD 39.38 million (US$36.98 million) during the second quarter of 2008, while net income slipped 2% to CAD 1.08 million (US$1.01m).

Sales during the first six months of 2008 rose 3% to CAD 73.77 million (US$69.3m), with net income dropping 32% to CAD 1.09 million (US$1.02m).

During 2007 Paulin sales dropped 9% to CAD 135.97 million (US$133.05 million), while net income slid 64% to CAD 1.8 million (US$1.76m). Web: hpaulin.com �2008 FastenerNews.com