Jewett-Cameron Announces Earnings Per Share Increase 20%.Business Editors NORTH PLAINS, Ore.--(BUSINESS WIRE)--Jan. 9, 2003 Jewett-Cameron Trading Company Ltd. (Nasdaq:JCTCF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :JCT JCT Junction JCT Jerusalem College of Technology JCT Joint Contracts Tribunal (UK build contracts governing body) JCT Journal of Coatings Technology JCT John Christner Trucking JCT Journal of Curriculum Theorizing ) today announced results of operations for the first quarter ended Nov. 30, 2002.
11/30/02 11/30/01
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Sales $13,499,920 $4,106,102
Gross Profit from Operations $2,186,348 $1,010,204
Income from Operations $218,575 $158,285
Net Income Before Taxes $175,546 $158,492
Net Income $113,546 $93,492
Earnings Per Share $0.12 $0.10
Don Boone, president of Jewett-Cameron stated, "Our earnings increase was in keeping with management's expectations. We continue to be optimistic and feel that when there is an opportunity to acquire shares at a significant discount to book value and/or breakup value Breakup value See: Private market value. breakup value The market value of all the individual parts of a firm if the firm were to be broken up and the individual parts operated independently. , we are strongly inclined to continue our practice of purchasing stock out of the market." Jewett-Cameron Trading Company Ltd. has one wholly-owned subsidiary which is Jewett-Cameron Lumber Company. Jewett-Cameron Seed Company; Greenwood Products, Inc. and MSI-PRO, Co. are all wholly-owned subsidiaries of Jewett-Cameron Lumber Company. Jewett-Cameron's operations are classified into three principle industry segments: sales of building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , sales of industrial tools and sales of processed agricultural seeds and grain. Sales of building materials consists of wholesale sales of lumber and building materials in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. along with industrial and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and applications. Sales of industrial tools consists of distribution of pneumatic air tools and industrial clamps in the United States. Sales of seeds consists of distribution of processed agricultural seeds and grain in the United States. The Company's major distribution centers are located in North Plains, Oregon North Plains is a city in Washington County, Oregon, United States. The population was 1,605 at the 2000 census. The 2006 estimate is 1,755 residents.[1] Pumpkin Ridge Golf Club just outside of town was home to the U.S. Women's Open in 1997 and 2003. and Ogden, Utah. |
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