Jewett Cameron Trading Co.

April 07, 2006 16:00 ET

Jewett Cameron Reports Net Earnings Up, 300+% for the Six Months Ended February 28, 2006

NORTH PLAINS, Ore.--(CCNMatthews - Apr 7, 2006) -

Donald M. Boone, President and CEO of Jewett Cameron Trading Company Ltd. (NASDAQ:JCTCF)(TSX:JCT) today announced results of operations for the six months ended February 28, 2006.

Three Months Three Months Six Months Six Months
Ended Ended Ended Ended
2/28/2006 2/28/2005 2/28/2006 2/28/2005
Net Income $617,726 $104,624 $1,168,117 $272,459
Basic Earnings Per Share $0.40 $0.07 $0.76 $0.19

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 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
    Alexander B. Korelin, 360-891-7114