HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for second quarter ended June 30, 2017
| Six months ending: | Three months ending: | |||||||||
| 6/30/2017 | 7/01/2016 | 6/30/2017 | 7/01/2016 | |||||||
| Net Product Sales | $65,213,000 | $59,785,000 | $33,486,000 | $28,011,000 | ||||||
| Income (loss) from operating activities(*) | 3,731,000 | 1,436,000 | 2,282,000 | -586,000 | ||||||
| Net Income (loss) for Period | 2,581,000 | 1,115,000 | 1,579,000 | -610,000 | ||||||
| Total comprehensive income (loss) for the period | 2,063,000 | -143,000 | 1,197,000 | -766,000 | ||||||
| Earnings per share | ||||||||||
| Basic | $0.23 | $0.10 | $0.14 | -$0.05 | ||||||
| Diluted | $0.23 | $0.10 | $0.14 | -$0.05 | ||||||
| (*) 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 |
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GUELPH, Ontario, July 31, 2017 (GLOBE NEWSWIRE) --
To all employees and shareholders:
Our market activity in the first half of 2017 exceeded our expectations. Foreign exchange has been providing us with favourable opportunities. The recent strengthening of the Canadian dollar against the US dollar will create headwinds for us going forward.
Hammond Manufacturing Company Limited (TSX:HMM.A) 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.
For information, contact: Hammond Manufacturing Company Limited Robert F. Hammond, Chairman and CEO Tel. (519) 822-2960 Fax. (519) 822-7289 Email: ir@hammfg.com
