GUELPH, ONTARIO -- (Marketwired) -- 05/02/16 -- 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((i)) 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
((i)) 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.
Contacts:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
