Jewett-Cameron Announces Fiscal 2019 Financial Results
Jewett-Cameron Trading Company - Common Shares (JCTCF)
US:NASDAQ Investor Relations:
jewettcameron.com/store/investor-relations
Company Research
Source: PR Newswire
NORTH PLAINS, Ore., Nov. 13, 2019 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) today reported financial results for its fourth quarter and fiscal year ended August 31, 2019.For the fiscal year ended August 31, 2019, Jewett-Cameron reported sales of $45.4 million and net income of $2,100,452, or $0.50 per shares, compared to sales of $53.9 million and net income of $2,920,639, or $0.66 per share, for fiscal 2018.Sales for the fourth quarter of fiscal 2019 totaled $11.8 million compared to sales of $11.2 in the prior year's fourth quarter. Net income was $532,918, or $0.13 per share, compared to net income of $700,699, or $0.16 per share, in the fourth quarter of fiscal 2018. "The prolonged wet weather during the spring and early summer across North America delayed the purchase of lawn and garden products," said CEO Charlie Hopewell. "The poor weather, combined with the increase in US tariffs on many of our Chinese manufactured metal products, were primarily respo
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