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

="xn-money">$0.20 per diluted share, compared to $0.08 per diluted share for the same period in 2008.

For the quarter ended December 31, 2009, excluding the effects of non-cash stock-based compensation expenses and amortization of intangible assets, non-GAAP operating income was $5.0 million, or 13.5% of revenues, compared to non-GAAP operating income of $3.3 million, or 11.4% of revenues for the same period in 2008.

Excluding the effect of non-cash stock-based compensation expenses, accretion of redeemable non controlling interest and amortization of intangible assets, net of tax, net income attributable to Shamir's shareholders for the quarter was $3.6 million, or $0.22 per diluted share, compared to net income of $1.7 million, or $0.10 per diluted share for the same period last year.

For the year ended December 31, 2009, revenues were $142.4 million, compared to $140.3 million for the same period in 2008.  Gross profit for the year was $76.9 million, or 54.0% of revenues, co
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SOURCE Shamir Optical Industries Ltd.
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