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percent in the third quarter at but the wood products supplier still managed to make a For the quarter endedMay 31, the North Plains-basef company (NASDAQ: JCTCF) reportedf a profit of or 20 cents per share, on revenuee of $11.4 million, compared with a profit of or 40 cents per share, on $17.6 million in revenue in the same quarter last The company sells products to home improvementf stores, including fencing and “Total company sales for the nine monthsx were down about 32.
9 percent from the prior year, which reflects the weakness in industrial wood sales to pleasure boat said CEO Don Boone in a news “However, our Jewett Cameron Lumber segment reportedd a 4 percent increase in salex from the prior nine month period. We continuwe to experience healthy demand forour non-woode specialty products like dog kennels, our proprietaryg fence gate systems, perimeter fencing, and even in this difficult economic environment.” The company continues to cut including a 10 percent reduction in its work It has no outstanding balance on its $5 million creditr line and has $4.9 million in cash.
The company may use the cash to buy back Shares closed Tuesday up 6 percent at They havea 52-week range between $4 and
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