The Becker Milk Company Limited: Three Month Financial Results and Regular Dividend

TORONTO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Becker Milk Company Limited (the "Company") (TSX-BEK.B) is pleased to report the results for the three months ended July 31, 2024.

HIGHLIGHTS

Total revenues for the three months ended July 31, 2024 were $727,502 compared to $742,639 for the same period in 2023;

The non-GAAP financial measure Net Operating Income for Q1 fiscal 2025 was $607,453 compared to $583,806 in fiscal 2024;

Net income for Q1 fiscal 2025 was $0.14 per share for the year, compared to $0.14 net income per share in Q1 fiscal 2024.

FINANCIAL HIGHLIGHTS

Total revenues for the three months ended July 31, 2024 fell $15,137 compared to the three months ended July 31, 2023, a result of reduced finance income.

 

 

 

 

Three months ended

 

 

 

 

July 31

 

 

 

 

 

2024

 

 

2023

Property revenue

 

 

 

$679,578

 

$669,478

Finance income

 

 

 

 

47,924

 

 

73,161

Total revenues

 

 

 

$727,502

 

$742,639

 

 

 

 

 

 

 

Net income attributable to common and special shareholders

 

 

 

$250,407

 

$247,951

Average common and special shares outstanding

 

 

1,808,360

 

 

1,808,360

 

 

 

 

 

 

 

Income (loss) per share

 

 

 

$0.14

 

$0.14

Components of the $2,456 decrease in net income for the three months ended July 31, 2024 compared to the three months ended July 31, 2023 are:

Changes in Net Income - Three months ended July 31, 2024

compared to three months ended July 31, 2023