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HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the first quarter ended March 29, 2019


    Three months ending:
    3/29/2019 3/30/2018
Net product sales $ 38,056,000 $ 36,150,000
Income from operating activities(*)   2,511,000   1,984,000
Net income for the period   1,726,000   1,097,000
Total comprehensive income for the period   1,341,000   1,656,000
       
Earnings per share    
  Basic $ 0.15 $ 0.10
  Diluted $ 0.15 $ 0.10
       
(*) 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, April 29, 2019 (GLOBE NEWSWIRE) --

To all employees and shareholders:

Net product sales grew modestly. Foreign exchange helped in the calculation of earnings per share but this was offset in other comprehensive income.

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.

For information, contact:
Hammond Manufacturing Company Limited
Robert F. Hammond, Chairman and CEO    or         Alexander Stirling CFO
Tel. (519) 822-2960                                                   Email:  AStirling@hammfg.com
Fax. (519) 822-7289
Email:  RobHammond@hammfg.com

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