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

me attributable to Shamir's shareholders for the year was $14.3 million or $0.86 per diluted share, compared to $11.2 million or $0.68 per diluted share for the comparable period in 2008.

The reconciliation of GAAP operating income and net income to non-GAAP operating income and non-GAAP net income is set forth below.

As of December 31, 2009, the Company had cash and cash equivalents, including short-term investments of $31.6 million.

Commenting on the results, Amos Netzer, Chief Executive Officer of Shamir, said, "Despite continued economic challenges throughout the world during the fourth quarter, and for that matter, the full year, Shamir's performance surpassed internal projections.  During the year we increased penetration and acceptance of the Shamir brand as well as experienced the maturing of our investments in both manufacturing and distribution."

Mr. Netzer concluded, "The overall strength of our results in 2009
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SOURCE Shamir Optical Industries Ltd.
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