GUELPH, ONTARIO--(Marketwired - May 2, 2016) - Hammond Manufacturing Company Limited (TSX:HMM.A) -
| Three months ending: | ||||
| 4/01/2016 | 4/03/15 | |||
| Net Product Sales | $31,774,000 | $30,516,000 | ||
| Income from operating activities(*) | 2,022,000 | 1,907,000 | ||
| Net Income for Period | 1,725,000 | 828,000 | ||
| Total comprehensive income for the period | 623,000 | 1,797,000 | ||
| Earnings per share | ||||
| Basic | $0.15 | $0.07 | ||
| Diluted | $0.15 | $0.07 | ||
(*) Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes
NOTE: The interim financial results have not been reviewed by an auditor
To all employees and shareholders:
The strong US dollar continues to provide us the opportunity to grow our business.
We caution that the impact of both unfavourable movements of exchange rates and the start-up expenses for our new rack factory could have negative impacts on the profitability for the second quarter of 2016.
Hammond Manufacturing Company Limited manufactures a broad range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers.
Contact Information:
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com