Jewett-Cameron Trading Co. Ltd.

January 12, 2006 10:00 ET

Jewett-Cameron Earnings Per Share Up, 300% + for First Quarter

NORTH PLAINS, Ore.--(CCNMatthews - Jan 12, 2006) -

Donald M. Boone, President and CEO of Jewett-Cameron Trading Company Ltd. (Nasdaq:JCTCF) (TSX:JCT) today announced results of operations for the first fiscal quarter ended November 30, 2005.

11/30/05 11/30/04

Net Income $544,516 $167,835
Basic Earnings Per Share $0.36 $0.11

Regarding the Company's performance for the most recently completed fiscal quarter, Don Boone stated, "The increase in profitability was in keeping with management's expectations."

Jewett Cameron's operations are classified into four principle industry segments: the sale of consumer products to home improvement centers in the United States; the processing and sale of industrial products to original equipment manufacturers in the United States; the sale of pneumatic 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 that anticipate future trends or events. These statements are based on certain assumptions that may prove to be erroneous 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, possible materially, from the predictions contained herein.

Contact Information

  • Jewett-Cameron Trading Co. Ltd.
    Donald M. Boone, 503-647-0110
    A. B. Korelin & Associates, Inc
    Alexander B. Korelin, 360-891-7114