Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2010
10 Março 2011 - 2:29PM
Marketwired
HAMMOND MANUFACTURING COMPANY LIMITED (TSX: HMM.A) announces
financial results for the year and fourth quarter ended December
31, 2010:
Twelve months ending: Three months ending:
12/31/10 12/31/09 12/31/10 12/31/09
Net Sales $ 78,587,000 $69,406,000 $ 19,270,000 $ 16,190,000
Earnings from
operations(i) 4,003,000 1,525,000 892,000 $ 156,000
Net Earnings 2,032,000 (44,000) 454,000 $ 69,000
Earnings per share $ 0.18 $ (0.00) $ 0.04 $ 0.01
Shares outstanding 11,334,300 11,334,300
Net Book value per
share $ 2.51 $ 2.36
(i) Earnings from operations is before interest, foreign exchange, equity
interest, other income and taxes
To all employees and shareholders:
Our year ended strongly with a return to pre-recession market
levels. These results reflect the successful efforts of everyone at
Hammond.
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
Hammond Manufacturing (TSX:HMM.A)
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