logo
Share SHARE
FONT-SIZE Plus   Neg

Jewett-Cameron Posts Higher Q2 Profit

Jewett-Cameron Trading Company Ltd. (JCTCF,JCT.TO) reported net income for the second quarter of $1.3 million or $0.71 per share, compared to $496,949 or $0.25 per share for the year-ago quarter.

The latest quarter results include a reversal of litigation reserves of $1.44 million and interest expense of $16,023.

Sales for the second quarter declined to $11.75 million from $11.86 million a year earlier.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock. Automakers on Monday reported strong U.S. vehicle sales for the month of July, driven by continued demand for trucks and sport-utility vehicles amid an improving economy, lower gas prices and easy availability of credit. Detroit's Big Three - General Motors Co., Ford Motor Co. and FCA US, LLC - all reported vehicle sales above analyst expectations. British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast.
comments powered by Disqus
Follow RTT