HAMMOND MANUFACTURING COMPANY LIMITED announces financial results for the year and fourth quarter ended December 31, 2017

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 Year ending:   Three months ending:
 12/31/201712/31/2016 12/31/201712/31/2016
Net product sales$127,406,000 $115,724,000 $30,772,000 $27,995,000
Income from operating activities(*) 5,973,000  2,296,000      1,210,000    672,000
Net income (loss) for period 4,560,000    684,000  818,000  -135,000
Total comprehensive income (loss) for the period                              3,519,000  -38,000  907,000  187,000
        
Earnings (loss) per share     
Basic$0.40 $0.06 $0.07  -$0.01
Diluted$0.40 $0.06 $0.07  -$0.01
      
(*) 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, March 05, 2018 (GLOBE NEWSWIRE) --

To all employees and shareholders: 

Our expansion in 2016 was put to good use this year as we grew our sales by 10%.

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.

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

 

Posted In: EarningsPress Releases
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