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Shamir Optical Industry Ltd. Reports Third Quarter 2009 Results

pansion of our operations and our ability to manage our growth, including our ability to manage potential future acquisitions; the effect of global economic conditions in general and conditions in Shamir's industry and target markets in particular; shifts in supply and demand; market acceptance of new products and continuing products' demand; the impact of competitive products and pricing on Shamir's and its customers' products and markets; timely product and technology development/upgrades and the ability to manage changes in market conditions as needed; interest rate fluctuations; and other factors detailed in Shamir's filings with the Securities and Exchange Commission. Shamir assumes no obligation to update the information in this release.

(Tables to follow)


    Consolidated Balance Sheets
    (US dollars in thousands, except           As of             As of
     share and per share data)               December 31,    September 30,
                                                2008              2009
                                                ----              ----
    Cash and cash equivalents                  $18,276          $13,395
    Short-term investment                        7,187           14,723
    Trade receivables (1)                       30,331           35,176
    Other receivables and prepaid expenses       8,469            9,299
    Inventory                                   26,063           27,206
                                                ------           ------
        TOTAL CURRENT ASSETS                    90,326           99,799

    Severance pay fund                           2,584            2,854
    Long-term receivables                          813              242
    Investments in affiliates                    2,085            1,319
SOURCE Shamir Optical Industries Ltd.
Copyright©2009 PR Newswire.
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