Business News

Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ending June 27, 2008

2008-07-24 09:49:00

Hammond Manufacturing Company Limited Announces Financial Results for the Second Quarter Ending June 27, 2008

GUELPH, ONTARIO–(EMWNews – July 24, 2008) – Hammond Manufacturing Company Limited (TSX:HMM.A) –



Six months ending: Three months ending:
6/27/08 6/29/07 6/27/08 6/29/07
Net Sales $ 38,484,000 $ 37,617,000 $ 19,976,000 $ 19,358,000
Earnings from operations $ 822,000 $ 1,332,000 $ 440,000 $ 985,000
Net Earnings $ 2,138,000 $ 606,000 $ 104,000 $ 432,000
Earnings per share $ 0.19 $ 0.05 $ 0.01 $ 0.04

Shares outstanding 11,334,300 11,334,300
Net Book value per share $ 2.12 $ 1.96

 

Our second quarter continued to provide modest returns as the Canadian dollar remained close to par with the US$. We are managing with a focus on cost reduction and an aggressive pursuit of sales opportunities in our global markets. Gross margins remained consistent at approx. 26% as we balance pricing with increases in steel and other raw materials.

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.

For more information, please contact

Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
Email: [email protected]

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions





























Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

Related Articles

Back to top button