GUELPH, ONTARIO--(CCNMatthews - March 7, 2006) - Hammond Manufacturing Company Limited (TSX:HMM.SV.A) -
Twelve months: Three months: ending Dec. 31st ending Dec. 31st 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 11,307,300 11,302,300 Net book value per share $1.80 $1.84
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-7289 (FAX)