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JEWETT-CAMERON TRADING COMPANY LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Details        
SALES $ 16,241,239 $ 16,692,241 $ 30,918,345 $ 33,615,516
COST OF SALES 11,931,746 13,054,487 22,555,253 25,907,388
GROSS PROFIT 4,309,493 3,637,754 8,363,092 7,708,128
OPERATING EXPENSES        
Selling, general and administrative expenses 706,079 759,708 2,118,999 1,721,743
Depreciation and amortization 54,781 47,141 160,992 143,413
Wages and employee benefits 1,635,051 1,324,267 4,343,412 3,799,700
Total operating expenses (2,395,911) (2,131,116) (6,623,403) (5,664,856)
Income from operations 1,913,582 1,506,638 1,739,689 2,043,272
OTHER ITEMS        
Gain on sale of property, plant and equipment 2,200 0 2,600 105,366
Interest and other income 3,217 7,033 21,414 33,368
Total other items 5,417 7,033 24,014 138,734
Income before income taxes 1,918,999 1,513,671 1,763,703 2,182,006
Income tax expense (522,026) (415,461) (547,614) (614,472)
Net income $ 1,396,973 $ 1,098,210 $ 1,216,089 $ 1,567,534
Basic earnings per common share $ 0.40 $ 0.27 $ 0.33 $ 0.36
Diluted earnings per common share $ 0.40 $ 0.27 $ 0.33 $ 0.36
Basic 3,481,162 4,022,587 3,672,858 4,318,128
Diluted 3,481,162 4,022,587 3,672,858 4,318,128