Jewett-cameron Trading (JCTCF) has released an update.
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Jewett-Cameron Trading Company Ltd. reports a marginal increase in Q2 sales at $8.23 million, but a reduced net loss of $534,145, showing improvement over the previous year. For the first half of fiscal 2024, the company experienced a drop in sales and an operational loss, but ultimately a net income of $757,395 due to a favorable arbitration settlement. Amidst economic challenges, the company is innovating with new products and negotiating new credit arrangements as it manages a solid cash position with no existing debt.
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