Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2015
/EINPresswire.com/ -- GUELPH, ONTARIO -- (Marketwired) -- 03/04/16 -- Hammond Manufacturing Company Limited (TSX: HMM.A) -
Year ending: Three months ending: 12/31/15 12/31/14 12/31/15 12/31/14 Net Product Sales $117,164,000 $105,272,000 $27,714,000 $28,405,000 Income from operating activities((i)) 6,625,000 5,919,000 $1,775,000 $1,543,000 Net Income for Period 3,550,000 3,637,000 $1,080,000 $984,000 Total comprehensive income for the period 5,986,000 4,558,000 $1,843,000 $1,415,000 Earnings per share Basic $0.31 $0.32 $0.09 $0.09 Diluted $0.31 $0.32 $0.09 $0.09 ((i)) Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes NOTE: The interim financial results have not been review ed by an auditor
To all employees and shareholders:
Fourth quarter sales weakened despite help from a stronger US dollar. We are feeling the softness of the US manufacturing sector and the decline in the oil markets.
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.
Contacts:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
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