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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Income statement    
SALES $ 11,941,508 $ 7,982,617
COST OF SALES 9,561,653 6,112,594
GROSS PROFIT 2,379,855 1,870,023
OPERATING EXPENSES    
Selling, general and administrative expenses 542,793 461,448
Depreciation and amortization 75,513 69,083
Wages and employee benefits 876,345 809,593
Total operating expenses 1,494,651 1,340,124
Income from operations 885,204 529,899
OTHER ITEMS    
Interest and other income 8,734 6,895
Total other items 8,734 6,895
Income before income taxes 893,938 536,794
Income tax expense (361,693) (209,007)
Net income $ 532,245 $ 327,787
Basic earnings per common share $ 0.21 $ 0.12
Diluted earnings per common share $ 0.21 $ 0.12
Weighted average number of common shares outstanding: Basic 2,476,832 2,688,942
Weighted average number of common shares outstanding: Diluted 2,476,832 2,688,942