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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Income statement    
SALES $ 9,413,970 $ 10,421,804
COST OF SALES 7,227,222 8,027,362
GROSS PROFIT 2,186,748 2,394,442
OPERATING EXPENSES    
Selling, general and administrative expenses 445,877 551,048
Depreciation and amortization 72,665 68,640
Wages and employee benefits 1,097,904 982,249
Total operating expenses 1,616,446 1,601,937
Income from operations 570,302 792,505
OTHER ITEMS    
Loss on sale of property, plant and equipment (27,552)  
Interest and other income 2,690 1,820
Total other items (24,862) 1,820
Income before income taxes 545,440 794,325
Income tax expense (223,007) (308,405)
Net income $ 322,433 $ 485,920
Basic earnings per common share $ 0.14 $ 0.21
Diluted earnings per common share $ 0.14 $ 0.21
Weighted average number of common shares outstanding: Basic 2,234,494 2,286,294
Weighted average number of common shares outstanding: Diluted 2,234,494 2,286,294