Jewett-Cameron Trading Company Ltd. Reports Earnings Per Share for the Nine Months Ended May 31, 2006, up 250%+.NORTH PLAINS, Ore. -- Donald M. Boone, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Jewett-Cameron Trading Company Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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 periods ended May 31:
Three Three Nine Nine
Months Months Months Months
Ended Ended Ended Ended
May 31, May 31, May 31, May 31,
2006 2005 2006(a) 2005
--------- --------- ----------- ---------
Net Income $560,502 $343,097 $1,728,619 $615,556
Basic Earnings Per Share $ 0.37 $ 0.23 $ 1.13 $ 0.42
(a) Net income for the nine months ended May 31, 2006, included a
one-time gain of $599,825 from the sale of a Utah distribution
center.
For the quarter ended May 31, 2006, the company reported increased revenue of $20,557,496, up $1,373,324 compared with $19,184,172 for the third quarter ended May 31, 2005. For the nine months ended May 31, 2006, the company reported increased revenue of $57,730,796, up $1,061,569 compared with $56,669,227 for the nine months ended May 31, 2005. Regarding the Company's performance for the most recently completed fiscal period, Don Boone stated, "The increase in profitability was in keeping with management's expectations." Jewett-Cameron's operations are classified into four principal industry segments: the sale of consumer products to home improvement centers 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. ; the processing and sale of industrial products to original equipment manufacturers in the United States; the sale of pneumatic pneumatic /pneu·mat·ic/ (noo-mat´ik) 1. pertaining to air. 2. respiratory. pneu·mat·ic adj. 1. Of or relating to air or other gases. 2. air tools and industrial clamps in the United States; and, the processing and sale of agricultural seeds in the United States. The information contained in this release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that anticipate future trends or events. These statements are based on certain assumptions that may prove to be erroneous erroneous adj. 1) in error, wrong. 2) not according to established law, particularly in a legal decision or court ruling. and are subject to certain risks, including but not limited to, the uncertainties of the Company's new product introductions, the risks of increased competition and technological change in the Company's industry and other factors detailed in the Company's SEC filings. Accordingly, actual results may differ, possibly material, from the predictions contained herein. |
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