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Jewett-Cameron Posts Higher Q2 Profit

Jewett-Cameron Trading Company Ltd. (JCTCF: Quote,JCT.TO: Quote) 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.

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by RTT Staff Writer

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