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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2017
Feb. 29, 2016
Income statement        
SALES $ 9,499,286 $ 11,188,133 $ 19,921,089 $ 23,129,641
COST OF SALES 7,370,224 9,152,554 15,397,585 18,714,207
GROSS PROFIT 2,129,062 2,035,579 4,523,504 4,415,434
OPERATING EXPENSES        
Selling, general and administrative expenses 453,668 531,423 1,004,717 1,074,216
Depreciation and amortization 69,368 68,470 138,007 143,983
Wages and employee benefits 1,057,792 1,095,069 2,040,041 1,971,414
Total operating expenses 1,580,828 1,694,962 3,182,765 3,189,613
Income from operations 548,234 340,617 1,340,739 1,225,821
OTHER ITEMS        
(Loss) gain on sale of property, plant and equipment (393) 5,600 (393) 5,600
Interest and other income 2,000 1,800 3,820 10,534
Litigation expense   (115,990)   (115,990)
Total other items 1,607 (108,590) 3,427 (99,856)
Income before income taxes 549,841 232,027 1,344,166 1,125,965
Income tax expense (240,828) (100,067) (549,233) (461,760)
Net income $ 309,013 $ 131,960 $ 794,933 $ 664,205
Basic earnings per common share $ 0.14 $ 0.05 $ 0.35 $ 0.27
Diluted earnings per common share $ 0.14 $ 0.05 $ 0.35 $ 0.27
Weighted average number of common shares outstanding: Basic 2,286,294 2,476,832 2,286,294 2,476,832
Weighted average number of common shares outstanding: Diluted 2,286,294 2,476,832 2,286,294 2,476,832