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Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2016

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Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2016

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2016

GUELPH, ONTARIO--(Marketwired - Mar 3, 2017) - Hammond Manufacturing Company Limited (TSX:HMM) -

Year ending: Three months ending:
12/31/2016 12/31/15 12/31/2016 12/31/15
Net Product Sales $ 115,724,000 $ 117,164,000 $ 27,995,000 $ 27,714,000
Income from operating activities* 2,296,000 6,625,000 672,000 1,775,000
Net Income (Loss) for Period 684,000 3,550,000 (135,000 ) 1,080,000
Total comprehensive income (loss) for the period (38,000 ) 5,986,000 187,000 1,843,000
Earnings (Loss) per share
Basic $ 0.06 $ 0.31 $ (0.01 ) $ 0.09
Diluted $ 0.06 $ 0.31 $ (0.01 ) $ 0.09

* 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:

With our new facility on line we continue to see quarter over quarter improvement in our income from operating activities. Our markets remain relatively flat.

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.

Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289
ir@hammfg.com


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