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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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