Hammond Manufacturing Company Limited Announces Financial Results for the Third Quarter Ended October 2, 2009
22 Octubre 2009 - 12:09PM
Marketwired Canada
Hammond Manufacturing Company Limited (TSX:HMM.A) -
Nine months ending: Three months ending:
10/2/09 9/26/08 10/2/09 9/26/08
Net Sales $ 53,216,000 $ 57,519,000 $ 16,499,000 $ 19,035,000
Earnings from
operations $ 1,370,000 $ 1,415,000 $ (124,000) $ 593,000
Net Earnings $ (113,000) $ 2,444,000 $ (564,000) $ 306,000
Earnings per share $ (0.01) $ 0.22 $ (0.05) $ 0.03
Shares outstanding 11,334,300 11,334,300
Net Book value per
share $ 2.35 $ 2.14
Third quarter results provided a loss of $564,000. This consisted of a $124,000
loss from operations and $260,000 loss from foreign exchange valuation as the
Canadian dollar strengthened.
Our continued focus is on cost reduction and market share growth.
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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