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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Prepared by Management) (Unaudited) - USD ($)
3 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Income statement    
SALES $ 9,066,100 $ 9,413,970
COST OF SALES 6,757,014 7,227,222
GROSS PROFIT 2,309,086 2,186,748
OPERATING EXPENSES    
Selling, general and administrative expenses 556,148 445,877
Depreciation and amortization 50,870 72,665
Wages and employee benefits 1,223,059 1,097,904
Total operating expenses 1,830,077 1,616,446
Income from operations 479,009 570,302
OTHER ITEMS    
Loss on sale of property, plant and equipment   (27,552)
Interest and other income 17,151 2,690
Total other items 17,151 (24,862)
Income before income taxes 496,160 545,440
Income tax expense (146,466) (223,007)
Net income $ 349,694 $ 322,433
Basic earnings per common share $ 0.08 $ 0.07
Diluted earnings per common share $ 0.08 $ 0.07
Weighted average number of common shares outstanding: Basic 4,256,361 4,468,988
Weighted average number of common shares outstanding: Diluted 4,256,361 4,468,988