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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Income statement        
SALES $ 19,934,709 $ 16,718,234 $ 42,690,017 $ 36,639,323
COST OF SALES 15,944,995 12,906,533 33,877,749 28,304,118
GROSS PROFIT 3,989,714 3,811,701 8,812,268 8,335,205
OPERATING EXPENSES        
Selling, general and administrative expenses 596,830 466,014 1,658,781 1,470,731
Depreciation and amortization 71,560 84,693 266,970 222,700
Wages and employee benefits 1,312,479 1,237,756 3,587,126 3,277,797
Total operating expenses (1,980,869) (1,788,463) (5,512,877) (4,971,228)
Income from operations 2,008,845 2,023,238 3,299,391 3,363,977
OTHER ITEMS        
Loss on sale of property, plant and equipment     (27,022) (393)
Interest and other income 8,156 2,400 16,639 6,220
Total Other Items 8,156 2,400 (10,383) 5,827
Income before income taxes 2,017,001 2,025,638 3,289,008 3,369,804
Income tax expense (627,792) (819,503) (1,069,068) (1,368,736)
Net income $ 1,389,209 $ 1,206,135 $ 2,219,940 $ 2,001,068
Basic earnings per common share $ 0.31 $ 0.26 $ 0.50 $ 0.44
Diluted earnings per common share $ 0.31 $ 0.26 $ 0.50 $ 0.44
Weighted average number of common shares outstanding: Basic 4,468,988 4,572,588 4,468,988 4,572,588
Weighted average number of common shares outstanding: Diluted 4,468,988 4,572,588 4,468,988 4,572,588