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Hammond Manufacturing Company Limited Class A Subordinate Voting Shares

Exchange: TSX Exchange | Nov 19, 2017, 11:06 PM EST

HMM.A
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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 Period1,002,000 1,725,000
Total comprehensive income for the period866,000 623,000
      
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

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