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Shamir Optical Industry Ltd. Reports Third Quarter 2007 Results
Date:11/27/2007

--- ----------- ----------- -----------

Gross profit 12,917 16,187 39,910 47,201

Operating Expenses:

Research and

development costs 599 639 1,740 1,901

Selling and

marketing expenses 8,043 8,961 24,336 26,469

General and

administrative

expenses 2,867 3,418 8,014 9,628

----------- ----------- ----------- -----------

Total operating

expenses 11,509 13,018 34,090 37,998

----------- ----------- ----------- -----------

Operating income 1,408 3,169 5,820 9,203

Financial expenses

(income) and other,

net (7) (25) 270 133

----------- ----------- ----------- -----------

Income before taxes

on income 1,415 3,194 5,550 9,070

Taxes on income 610 1,277 2,263 3,352

----------- ----------- ----------- -----------

Income after taxes on

income 805 1,917 3,287 5,718

Equity in losses of

affiliates, net 16 16 95 19

Minority interest in

losses of subsidiaries (524) (402) (1,867) (934)

----------- ----------- ----------- -----------

Net income $1,313 $2,303 $5,059 $6,633

=========== =========== =========== ===========

Net earnings per share:

Basic $0.08 $ 0.14 $ 0.31 $ 0.41

=========== =========
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SOURCE Shamir Optical Industry Ltd.
Copyright©2007 PR Newswire.
All rights reserved

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