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Shamir Optical Industry Ltd. Reports Third Quarter 2009 Results
Date:11/18/2009

(876) Retained earnings 22,007 31,451 ------ ------ Total Shamir Optical Industry Ltd. Shareholders' equity 86,769 98,345 Non-controlling interests 1,250 2,287 ----- ----- TOTAL EQUITY 88,019 100,632 ------ ------- TOTAL LIABILITIES AND EQUITY $149,496 $158,296 ======== ======== (1) Net of allowance for doubtful accounts of $2,159 and $2,691 as of December 31, 2008 and September 30, 2009, respectively. SHAMIR OPTICAL INDUSTRY LTD. Consolidated Statements of Income (US dollars in thousands, except per share data) Three Months Ended Nine Months Ended September 30, September 30, --------------------- -------------------- 2008 (1) 2009 2008 (1) 2009 -------- ---- -------- ---- (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues, net $36,118 $36,157 $111,171 $105,311 Cost of revenues 17,098 16,410 51,272 48,748 ------ ------ ------ ------ Gross profit 19,020 19,747 59,899 56,563 Operating Expenses: Research and development costs 868 802 2,607 2,332 Selling and marketing expenses 10,472 10,274 33,527 30,422 General and administrative expenses
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