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

2,822 ----- ----- TOTAL EQUITY 88,019 94,762 ------ ------ TOTAL LIABILITIES AND EQUITY $149,496 $163,714 ======== ======== (1)Net of allowance for doubtful accounts of $2,066 and $3,076 as of December 31, 2008 and 2009, respectively
    
    
    SHAMIR OPTICAL INDUSTRY LTD.
    Consolidated Statements of Income
    (US dollars in thousands, except  per share data)
    
                             Three Months Ended           Year Ended
                                 December 31,            December 31,
                                 ------------            ------------
                              2008(1)       2009      2008(1)       2009
                              -------       ----      -------       ----
                            (Unaudited)  (Unaudited)            (Unaudited)
    Revenues, net            $29,155     $37,073    $140,326    $142,384
    Cost of revenues          13,143      16,700      64,415      65,448
                              ------      ------      ------      ------
    Gross profit              16,012      20,373      75,911      76,936
    
    Operating Expenses:
       Research and
        development costs        761         907       3,368       3,239
       Selling and
        marketing expenses     8,847      10,537      42,374      40,959
       General and
        administrative
        expenses               3,485       4,387      16,793      15,410
                               -----       -----      ------      ------
    Total operating
     expenses                 13,093      15,831      62,535      59,608
                              ------      ------      ------      ------
    Operatin
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SOURCE Shamir Optical Industries Ltd.
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