HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for first quarter ended March 31, 2017
| Three months ending: | |||||
| 3/31/2017 | 4/01/2016 | ||||
| Net Product Sales | $31,727,000 | $31,774,000 | |||
| Income from operating activities(*) | 1,449,000 | 2,022,000 | |||
| Net Income for Period | 1,002,000 | 1,725,000 | |||
| Total comprehensive income for the period | 866,000 | 623,000 | |||
| Earnings per share | |||||
| Basic | $0.09 | $0.15 | |||
| Diluted | $0.09 | $0.15 | |||
| (*) 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 | |||||
GUELPH, Ontario, May 01, 2017 (GLOBE NEWSWIRE) --
To all employees and shareholders:
We continue to see positive quarter over quarter improvement since our new facility has come on line in the second quarter of 2016. Our market activity in the first quarter of 2017 exceeded our expectations.
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
