GUELPH, ONTARIO — (Marketwire) — 07/21/11 — HAMMOND MANUFACTURING COMPANY LIMITED (TSX: HMM.A) announces financial results for the second quarter ended July 1, 2011:
To all employees and shareholders:
Lower levels of production, a high Canadian dollar and higher spending on everything from sales, new machinery and parking lot repairs hurt our profits in Q2.
Increasing material costs, a high Canadian dollar and a low growth marketplace will challenge us going forward.
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)
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