HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for first quarter ended March 31, 2017


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


   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) 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 LimitedRobert F. Hammond, Chairman and CEOTel. (519) 822-2960Fax. (519) 822-7289Email:  ir@hammfg.com


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: EarningsPress Releases