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Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ended June 29, 2012


//science-technology.news-articles.net/content/2 .. s-for-the-second-quarter-ended-june-29-2012.html
Published in Science and Technology on Thursday, July 19th 2012 at 8:03 GMT by Market Wire   Print publication without navigation


July 19, 2012 10:48 ET

Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ended June 29, 2012

GUELPH, ONTARIO--(Marketwire - July 19, 2012) -HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the second quarter ended June 29, 2012:

Six months ending:Three months ending:
6/29/127/1/116/29/127/1/11
Net Sales$48,081,000$42,466,000$24,367,000$20,735,000
Earnings from operating activities(*)1,823,0001,795,0001,020,000237,000
Income for Period1,085,0001,068,000565,00096,000
Earnings per share
Basic$0.10$0.09$0.05$0.00
Diluted$0.10$0.09$0.05$0.00
(*) 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:

Sales levels continue to provide modest growth over prior quarters in a very competitive market.

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.




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