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Stock impact report

Jewett-Cameron Announces 1st Quarter 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., Jan. 16, 2024 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) today reported financial results for the first quarter of fiscal 2024 ended November 30, 2023.Sales for the first quarter of fiscal 2024 totaled $9.8 million compared to sales of $12.5 million for the first quarter of fiscal 2023. Loss from operations was ($789,224) compared to a loss of ($6,798) in the year ago period. After a one-time gain from a favorable arbitration settlement and other items, net income for the current quarter was $1,291,541, or $0.37 per share, compared to a net loss of ($73,760), or ($0.02) per share, in the year-ago quarter."We are continuing to work through the effects of the pandemic and the high rate of inflation that has caused price disruptions and negatively affected consumer buying," said CEO Chad Summers. "The pet segment continues to lag, but sales of our fencing products are meeting expectations. We officially launched our new MyEcoWorld® line of sus Show less Read more
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