The Becker Milk Company Limited: Six Month Financial Results
The Becker Milk Company Limited: Six Month Financial Results
TORONTO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- The Becker Milk Company Limited (the "Company") (TSX-BEK.B) is pleased to report the results for the six months ended October 31, 2021.
多伦多，2021年12月13日(环球通讯社)--贝克乳业有限公司(“本公司”)(多伦多证券交易所-BEK.B)欣然公布截至2021年10月31日的六个月业绩。
HIGHLIGHTS
高光
- Total revenues for the six months ended October 31, 2021 were $1,454,704 compared to $1,524,336 for the same period in 2020;
- Net income for Q2 fiscal 2022 was $ 0.25 per share, compared to $ 0.23 per share in fiscal 2021.
- The non-GAAP financial measure Net Operating Income for Q2 fiscal 2022 was $1,211,929 compared to $1,296,169 in fiscal 2021;
- 截至2021年10月31日的6个月，总收入为1,454,704美元，而2020年同期为1,524,336美元；
- 2022财年第二季度的净收入为每股0.25美元，而2021财年为每股0.23美元。
- 2022财年第二季度的非GAAP财务指标净营业收入为1,211,929美元，而2021财年为1,296,169美元；
FINANCIAL HIGHLIGHTS
财务亮点
Revenues and net income
收入和净收入
Total revenues for the six months ended October 31, 2021 declined $69,632 compared to the six months ended October 31, 2020, a result of reduced property revenue and finance income.
与截至2020年10月31日的6个月相比，截至2021年10月31日的6个月的总收入下降了69,632美元，原因是房地产收入和财务收入减少。
| Six months ended | |||||||||
| October 31 | |||||||||
| 2021 | 2020 | ||||||||
| Property revenue | $1,434,893 | $1,478,222 | |||||||
| Finance income | 19,811 | 46,114 | |||||||
| Total revenues | $1,454,704 | $1,524,336 | |||||||
| Net income attributable to common and special shareholders | $444,734 | $416,983 | |||||||
| Average common and special shares outstanding | 1,808,360 | 1,808,360 | |||||||
| Income per share | $0.25 | $0.23 | |||||||
| 截至六个月 | |||||||||
| 十月三十一日 | |||||||||
| 2021 | 2020 | ||||||||
| 财产收入 | $1,434,893 | $1,478,222 | |||||||
| 财政收入 | 19,811 | 46,114 | |||||||
| 总收入 | $1,454,704 | $1,524,336 | |||||||
| 普通股和特别股东应占净收益 | $444,734 | $416,983 | |||||||
| 平均已发行普通股和特别股 | 1,808,360 | 1,808,360 | |||||||
| 每股收益 | $0.25 | $0.23 | |||||||
Components of the $27,751 increase in net income for the six months ended October 31, 2021 compared to the six months ended October 31, 2020 are:
与截至2020年10月31日的6个月相比，截至2021年10月31日的6个月的净收入增加了27,751美元，其中包括：
| Changes in net income - Three months ended July 31, 2021 | ||||||||
| compared to three months ended July 31, 2020 | ||||||||
| Decrease in net operating income | ($84,240 | ) | ||||||
| Decrease in finance income | (26,303 | ) | ||||||
| Increase in deferred taxes | (2,890 | ) | ||||||
| Decrease in strategic review expenses | 1,750 | |||||||
| Decrease in the fair value adjustment | 17,000 | |||||||
| Decrease in current taxes | 30,108 | |||||||
| Decrease in administrative expenses | 92,326 | |||||||
| Increase in net income | $27,751 | |||||||
| 净收益变动-截至2021年7月31日的三个月 | ||||||||
| 与截至2020年7月31日的三个月相比 | ||||||||
| 净营业收入减少 | ($84,240 | ) | ||||||
| 财政收入减少 | (26,303 | ) | ||||||
| 递延税金增加 | (2,890 | ) | ||||||
| 减少战略审查费用 | 1,750 | |||||||
| 公允价值调整减少 | 17,000 | |||||||
| 降低当期税额 | 30,108 | |||||||
| 行政费用的减少 | 92,326 | |||||||
| 净收入增长 | $27,751 | |||||||
Non-GAAP financial measures
非GAAP财务指标
Net operating income
净营业收入
The non-GAAP financial measure Net Operating Income for the six months ended October 31, 2021 was $1,211,929, a $84,240 decrease compared with the previous year as a result of decreased revenue and increased property operating expenses for the period.
截至2021年10月31日的6个月，非GAAP财务指标的净营业收入为1211,929美元，与去年同期相比减少了84,240美元，原因是同期收入下降和房地产运营费用增加。
| Net operating income | |||||||||||
| Six months ended | |||||||||||
| October 31 | |||||||||||
| 2021 | 2020 | ||||||||||
| Property revenue | $1,434,893 | $1,478,222 | |||||||||
| Property operating expenses | (222,964 | ) | (182,053 | ) | |||||||
| Net operating income | $1,211,929 | $1,296,169 | |||||||||
| 净营业收入 | |||||||||||
| 截至六个月 | |||||||||||
| 十月三十一日 | |||||||||||
| 2021 | 2020 | ||||||||||
| 财产收入 | $1,434,893 | $1,478,222 | |||||||||
| 物业运营费用 | (222,964 | ) | (182,053 | ) | |||||||
| 净营业收入 | $1,211,929 | $1,296,169 | |||||||||
Adjusted funds from operations
调整后的运营资金
For the six months ended October 31, 2021 the Company recorded adjusted funds from operations of $463,602 ($0.24 per share) compared to $448,211 ($0.25 per share) in 2020.
在截至2021年10月31日的6个月中，该公司记录的调整后运营资金为463,602美元(每股0.24美元)，而2020年为448,211美元(每股0.25美元)。
| Adjusted funds from operations | |||||||||||
| Six months ended | |||||||||||
| October 31 | |||||||||||
| 2021 | 2020 | ||||||||||
| Net income | $444,734 | $416,983 | |||||||||
| Add (deduct) items not affecting cash: | |||||||||||
| Fair value adjustment to investment properties | 11,000 | 28,000 | |||||||||
| Deferred income taxes | 7,868 | 4,978 | |||||||||
| Expenses related to strategic review | (1,750 | ) | |||||||||
| Sustaining capital expenditures | (34,000 | ) | |||||||||
| Adjusted funds from operations | $429,602 | $448,211 | |||||||||
| Adjusted funds from operations per share | $0.24 | $0.25 | |||||||||
| 调整后的运营资金 | |||||||||||
| 截至六个月 | |||||||||||
| 十月三十一日 | |||||||||||
| 2021 | 2020 | ||||||||||
| 净收入 | $444,734 | $416,983 | |||||||||
| 添加(扣除)不影响现金的项目： | |||||||||||
| 投资性物业的公允价值调整 | 11,000 | 28,000 | |||||||||
| 递延所得税 | 7,868 | 4,978 | |||||||||
| 与战略评估相关的费用 | (1,750 | ) | |||||||||
| 可持续资本支出 | (34,000 | ) | |||||||||
| 调整后的运营资金 | $429,602 | $448,211 | |||||||||
| 调整后每股运营资金 | $0.24 | $0.25 | |||||||||
STRATEGIC REVIEW
战略审查
The Board of Directors continually evaluates strategic directions for the Company and has engaged in discussions with potential acquirors. None of those discussions are active at this time. The Board has followed a programme of divesting less desirable sites, which has resulted in the sale of 25 investment properties over the past 7 years. The Company continues to review its strategic alternatives and will update the market as appropriate, and as required.
董事会不断评估公司的战略方向，并与潜在的收购者进行讨论。这些讨论目前都不活跃。董事会遵循了一项剥离不太可取的土地的计划，这导致在过去7年中出售了25处投资物业。该公司将继续评估其战略选择，并将在适当和必要时更新市场。
The Company's interim financial statements for the six months ended October 31, 2021, along with the Management's Discussion and Analysis will be filed with SEDAR at www.sedar.com.
公司截至2021年10月31日的6个月的中期财务报表以及管理层的讨论和分析将提交给SEDAR，网址为www.sedar.com。
Readers are cautioned that although the terms "Net Operating Income", and "Funds From Operations" are commonly used to measure, compare and explain the operating and financial performance of Canadian real estate companies and such terms are defined in the Management's Discussion and Analysis, such terms are not recognized terms under Canadian generally accepted accounting principles. Such terms do not necessarily have a standardized meaning and may not be comparable to similarly titled measures presented by the other publicly traded entities.
请读者注意，虽然“净营业收入”和“运营资金”这两个术语通常用于衡量、比较和解释加拿大房地产公司的经营和财务表现，而且这些术语在“管理层讨论和分析”中有定义，但根据加拿大公认的会计原则，这些术语不是公认的术语。此类术语不一定具有标准化含义，也可能无法与其他公开交易实体提出的同名措施相比较。
For the Board of Directors
G.W.J. Pottow, President
Tel: 416-698-2591
对于董事会来说
美国总统波托(G.W.J.Pottow)
电话：416-698-2591