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Shamir Optical Industry Ltd. Reports Second Quarter 2009 Results
Date:8/13/2009

Six Months Ended June 30, June 30, --------------------- --------------------- 2008 (1) 2009 2008 (1) 2009 --------- --------- --------- --------- (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues, net $37,055 $35,234 $75,053 $69,154 Cost of revenues 16,949 16,273 34,174 32,338 ------ ------ ------ ------ Gross profit 20,106 18,961 40,879 36,816 Operating Expenses: Research and development costs 865 789 1,739 1,530 Selling and marketing expenses 11,388 10,283 23,055 20,148 General and administrative expenses 4,593 3,815 8,575 7,195 ----- ----- ----- ----- Total operating expenses 16,846 14,887 33,369 28,873 ------ ------ ------ ------ Operating income 3,260 4,074 7,510 7,943 Financial expenses (income) and other, net 426 (931) 500 (98) --- ---- --- --- Income before taxes on income 2,834 5,005 7,010 8,041 Taxes on income 127 1,184 1,684 2,051 --- ----- ----- ----- Income after taxes on income 2,707 3,821 5,326 5,990 Equity in earnings of affiliates, net 15 34 25 61
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