GUELPH, ONTARIO–(Marketwired – March 7, 2014) – Hammond Manufacturing Company Limited (TSX:HMM.A) –
|Year ending:||Three months ending:|
|Net Product Sales||$||92,314,000||$||92,425,000||$||22,969,000||$||21,556,000|
|Income from operating activities(*)||3,757,000||2,792,000||$||857,000||$||407,000|
|Net Income for Period||2,258,000||1,662,000||$||755,000||$||264,000|
|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:
Net product sales for 2013 were flat over 2012 despite a positive impact from foreign exchange. Net income of $2,258,000 for 2013 benefited from the positive impact of foreign exchange and improved shop efficiencies.
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.
Robert F. Hammond
Chairman and CEO
(519) 822-7289 (FAX)