Hammond Manufacturing Company Limited Announces Financial Results for the Third Quarter Ending September 26, 2008
23 Octubre 2008 - 9:58AM
Marketwired
HAMMOND MANUFACTURING COMPANY LIMITED (TSX: HMM.A) -
Nine months ending: Three months ending:
9/26/08 9/28/07 9/26/08 9/28/07
Net Sales $ 57,519,000 $ 55,858,000 $ 19,035,000 $ 18,241,000
Earnings from
operations $ 1,415,000 $ 1,142,000 $ 593,000 $ (190,000)
Net Earnings $ 2,444,000 $ 621,000 $ 306,000 $ 15,000
Earnings per
share $ 0.22 $ 0.05 $ 0.03 $ -
Shares
outstanding 11,334,300 11,334,300
Net Book value
per share $ 2.12 $ 1.96
Our third quarter produced a modest profit on operations. Our
markets continue to be very competitive and are softening. Recent
turmoil in world markets is creating a high level of uncertainty in
commodity and currency markets. We expect to see significant
reduction in the demand for our products. We are fighting our
competitors for sales in a weaker market with high service and cost
reductions. We continue to manage conservatively.
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) Email:
ir@hammfg.com
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