Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ended July 1, 2011
21 Juillet 2011 - 4:19PM
Marketwired Canada
HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results
for the second quarter ended July 1, 2011:
Six months ending: Three months ending:
7/1/11 7/2/10 7/1/11 7/2/10
Net Sales $ 42,466,000 $ 39,591,000 $ 20,735,000 $ 19,974,000
Earnings from operating
activities(i) 1,795,000 1,819,000 237,000 918,000
Profit for Period 1,068,000 928,000 96,000 483,000
Total comprehensive
income for the period 877,000 972,000 110,000 852,000
Earnings per share
Basic $ 0.09 $ 0.08 $ 0.00 $ 0.04
Diluted $ 0.09 $ 0.08 $ 0.00 $ 0.04
Shares outstanding 11,334,300 11,334,300 11,334,300 11,334,300
Net Book value per share $ 2.53 $ 2.39 $ 2.53 $ 2.39
(i) Earnings from operations is before interest, foreign exchange, equity
interest, other income and taxes
NOTE: All numbers have been stated under IFRS
The interim financial results have not been reviewed by an auditor
To all employees and shareholders:
Lower levels of production, a high Canadian dollar and higher spending on
everything from sales, new machinery and parking lot repairs hurt our profits in
Q2.
Increasing material costs, a high Canadian dollar and a low growth marketplace
will challenge us going forward.
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.
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