UPDATE 1-Hammond Power Q1 profit falls on higher expenses
* Q1 EPS C$0.36 vs C$0.43 last year
* Sales up 13 pct to C$54.8 mln
April 20 (Reuters) - Canadian transformer maker Hammond Power Solutions Inc (HPSa.TO) posted a lower quarterly profit, hurt by higher expenses.
For the first quarter ended March 28, the company reported net earnings of C$4.2 million, or 36 Canadian cents, compared with C$5.1 million, or 43 Canadian cents, a year ago.
The company said its total selling, general and administrative expenses increased 13 percent to C$9.3 million.
"The increase in expenses was primarily due to the conversion of U.S. selling, general and administrative expenses translated with a stronger U.S. dollar as compared to a year ago," the company said in a statement. (Reporting by Ashutosh Joshi in Bangalore; Editing by Anne Pallivathuckal)
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