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Shamir Optical Industry Reports Fourth Quarter and Year-End 2009 Results
Date:3/11/2010

KIBBUTZ SHAMIR, Israel, March 11 /PRNewswire-FirstCall/ -- Shamir Optical Industry Ltd. (Nasdaq: SHMR) ("Shamir"), a leading provider of innovative products and technology to the ophthalmic lens market, today announced its unaudited financial results for the fourth quarter and year ended December 31, 2009.

For the quarter ended December 31, 2009, revenues increased 27.2% to $37.1 million, compared to $29.2 million for the fourth quarter of 2008.  Gross profit for the quarter increased 27.2% to $20.4 million, or 55.0% of revenues, compared to a gross profit of $16.0 million, or 54.9% of revenues for the same period last year.

For the quarter ended December 31, 2009, operating income increased 55.6% to $4.5 million, or 12.3% of revenues, compared to operating income of $2.9 million, or 10.0% of revenues for the same period last year. Net income for the quarter increased 132.8% to $3.5 million compared to a net income of $1.5 million for the comparable period in 2008. Net income attributable to Shamir's shareholders was '/>"/>

SOURCE Shamir Optical Industries Ltd.
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