Hammond Manufacturing Company Limited Announces Financial Results for Second Quarter Ended July 3, 2015
By Marketwired News
GUELPH, ONTARIO–(Marketwired – Aug. 7, 2015) – Hammond Manufacturing Company Limited (TSX:HMM.A) –
|Six months ending:||Three months ending:|
|Net Product Sales||$||59,509,000||$||50,968,000||$||28,993,000||$||26,215,000|
|Income from operating activities*||3,214,000||2,934,000||$||1,307,000||$||1,579,000|
|Net Income for Period||1,765,000||1,904,000||$||937,000||$||1,149,000|
|Earnings per share|
|* 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:
Competitive pricing has brought in additional business but at lower margins. We need to streamline our activities and capitalize on the volume.
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.
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO