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Stock impact report

Jewett-Cameron Announces Fiscal 2020 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. 12, 2020 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) today reported financial results for its fourth quarter and fiscal year ended August 31, 2020.For the fiscal year ended August 31, 2020, Jewett-Cameron had sales of $44.9 million and net income of $2,784,525, or $0.77 per share, compared to sales of $45.4 million and net income of $2,100,452, or $0.50 per share, for fiscal 2019.Sales for the fourth quarter of fiscal 2020 totaled $14.0 million compared to sales of $11.8 million in Q4 2019. Net income was $1,568,436, or $0.43 per share, compared to net income of $532,918, or $0.13 per share, in the fourth quarter of fiscal 2019. "2020 has been a year to further invest in our core businesses by adding to our facilities, staff, products and brand awareness," said CEO Charlie Hopewell. "However, the COVID-19 pandemic presented tremendous challenges beginning in January. Due to our strict safety protocols, we have had no cases of COVID-19 a Show less Read more
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