Jason Sandefur

H. Paulin & Co. reported sales rose 1.2% to CAD 34.4 million (US$34.18 million) during the first quarter of 2008, while income before taxes dropped 99% to CAD 6,000 (US$5,963). Net income for the Canadian fastener manufacturer declined to CAD 4,000 (US$3,975). The board of directors did not declare a dividend for the quarter.

During 2007 Paulin sales dropped 9% to CAD 135.97 million (US$133.05 million). Full-year net earnings before taxes declined 62% to CAD 2.8 million (US$2.74 million). Web: hpaulin.com �2008 FastenerNews.com