GUELPH, ONTARIO–(Marketwired – Aug. 7, 2015) – Hammond Manufacturing Company Limited (TSX:HMM.A) –
| Six months ending: | Three months ending: | ||||||||
| 7/03/15 | 6/27/14 | 7/03/15 | 6/27/14 | ||||||
| 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 | |||||||||
| Basic | $ | 0.16 | $ | 0.17 | $ | 0.09 | $ | 0.10 | |
| Diluted | $ | 0.16 | $ | 0.17 | $ | 0.09 | $ | 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 |
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.
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
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