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| Press Release - March 7, 2006 |
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Hammond Manufacturing Company Limited,
394 Edinburgh Road North,
GUELPH , Ontario N1H 1E5.
Tel # ( 519 ) 822 - 2960
Fax # ( 519 ) 822 - 8987 |
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| TSE: HMM.SV.A |
Financial Results for the Year
and Fourth Quarter Ended December 31, 2005. |
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Twelve months ending
Dec. 31st : |
Three months ending
Dec. 31st : |
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2005 |
2004 |
2005 |
2004 |
| Net Sales |
67,176,000 |
59,525,000 |
16,961,000 |
13,972,000 |
| Earnings (loss) from operations |
292,000 |
2,201,000 |
140,000 |
279,000 |
| Net earnings (loss) |
(430,000) |
201,000 |
(316,000) |
(268,000) |
| Earnings (loss) per share |
(.04) |
.02 |
(.03) |
(.02) |
| Shares outstanding |
11,302,300 |
11,302,300 |
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| Net book value per share |
$1.80 |
$1.84 |
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Despite strong customer demand, volume gains were offset by the higher value of the Canadian dollar. This
reduced the Company’s reported sales by $2.7 Million for the year when compared to 2004 average rates.
We continue to focus on cost reductions and actions to improve profits, market share and job security.
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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| Information Contacts:
Robert F. Hammond, Chairman and CEO
Tel: (519) 822.2960
Fax: (519) 822.8987
Email: ir@hammfg.com |
| Guelph, Ontario, March 7, 2006 |
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