Jewett-Cameron reports Q2 sales increase
Jewett-Cameron Trading Co. has reported sales for the second quarter of fiscal 2013 of $14.2 million, compared with sales of $11.8 million for the second quarter of fiscal 2012. For the quarter, income from operations was $979,059 compared with $672,436 in the year-ago quarter.
For the six months ended Feb. 28, Jewett-Cameron reported sales of $23.5 million compared with sales of $19.0 million for the same period a year ago. Net income after other items and income taxes was $1.27 million, compared with net income of $1.35 million in the first six months of fiscal 2012. The current six-month period was positively affected by the gain on sale of property, while the year-ago six month period was positively affected by the reversal of Litigation Reserves.
"Our efforts to increase our market share of existing products continues to be reflected in our higher sales and operating income for the quarter and six-month period," said CEO Don Boone. "We are also pleased with the successful introduction of our new pet containment products."