The Becker Milk Company Limited: Nine Month Financial Results and Regular Dividend
The Becker Milk Company Limited: Nine Month Financial Results and Regular Dividend
TORONTO, March 14, 2022 (GLOBE NEWSWIRE) -- The Becker Milk Company Limited (the "Company") (TSX-BEK.B) is pleased to report the results for the nine months ended January 31, 2022.
多伦多，2022年3月14日(环球通讯社)--Becker Milk Company Limited(“公司”)(多伦多证券交易所-BEK.B)很高兴地报告了截至2022年1月31日的9个月的业绩。
HIGHLIGHTS
高光
- Total revenues for the nine months ended January 31, 2022 were $2,144,664 compared to $2,262,016 for the same period in 2021;
- Net income for Q3 fiscal 2022 was $ 0.30 per share, compared to $ 0.35 per share in fiscal 2021.
- The non-GAAP financial measure Net Operating Income for Q3 fiscal 2022 was $1,707,230 compared to $1,885,131 in fiscal 2021;
- 截至2022年1月31日的9个月，总收入为2144664美元，而2021年同期为2262,016美元；
- 2022财年第三季度的净收入为每股0.30美元，而2021财年为每股0.35美元。
- 2022财年第三季度的非GAAP财务指标净营业收入为1,707,230美元，而2021财年为1,885,131美元；
FINANCIAL HIGHLIGHTS
金融亮点
Revenues and net income
收入和净收入
Total revenues for the nine months ended January 31, 2022 declined $117,352 compared to the nine months ended January 31, 2021, a result of reduced property revenue and finance income.
由于房地产收入和财务收入的减少，截至2022年1月31日的9个月的总收入比截至2021年1月31日的9个月下降了117,352美元。
| Nine months ended | |||||||||
| January 31 | |||||||||
| 2022 | 2021 | ||||||||
| Property revenue | $ | 2,114,767 | $ | 2,201,208 | |||||
| Finance income | 29,897 | 60,808 | |||||||
| Total revenues | $ | 2,144,664 | $ | 2,262,016 | |||||
| Net income attributable to common and special shareholders | $ | 547,923 | $ | 631,501 | |||||
| Average common and special shares outstanding | 1,808,360 | 1,808,360 | |||||||
| Income per share | $ | 0.30 | $ | 0.35 | |||||
| 截至9个月 | |||||||||
| 一月三十一日 | |||||||||
| 2022 | 2021 | ||||||||
| 财产收入 | $ | 2,114,767 | $ | 2,201,208 | |||||
| 财政收入 | 29,897 | 60,808 | |||||||
| 总收入 | $ | 2,144,664 | $ | 2,262,016 | |||||
| 普通股和特别股东应占净收益 | $ | 547,923 | $ | 631,501 | |||||
| 平均已发行普通股和特别股 | 1,808,360 | 1,808,360 | |||||||
| 每股收益 | $ | 0.30 | $ | 0.35 | |||||
Components of the $83,578 decrease in net income for the nine months ended January 31, 2022 compared to the nine months ended January 31, 2021 are:
与截至2021年1月31日的9个月相比，截至2022年1月31日的9个月的净收益减少了83,578美元，其中包括：
| Decrease in net operating income | ($ | 177,901 | ) | |||
| Decrease in finance income | (30,911 | ) | ||||
| Increase in loss on disposal | (10,402 | ) | ||||
| Decrease in deferred tax recovery | (6,366 | ) | ||||
| Decrease in strategic review expenses | 3,737 | |||||
| Decrease in negative fair value adjustment | 15,000 | |||||
| Decrease in current taxes | 53,476 | |||||
| Decrease in administrative expenses | 69,789 | |||||
| Decrease in net income | ($ | 83,578 | ) | |||
| 净营业收入减少 | ($ | 177,901 | ) | |||
| 财政收入减少 | (30,911 | ) | ||||
| 处置亏损增加 | (10,402 | ) | ||||
| 递延退税减少 | (6,366 | ) | ||||
| 减少战略审查费用 | 3,737 | |||||
| 减少负公允价值调整 | 15,000 | |||||
| 降低当期税额 | 53,476 | |||||
| 行政费用的减少 | 69,789 | |||||
| 净收入减少 | ($ | 83,578 | ) | |||
Non-GAAP financial measures
非公认会计准则财务衡量标准
Net operating income
净营业收入
The non-GAAP financial measure Net Operating Income for the nine months ended January 31, 2022 was $1,707,230, a $177,901 decrease compared with the previous year as a result of both decreased revenue and increased property operating expenses for the period.
截至2022年1月31日的9个月，非GAAP财务指标的净营业收入为1,707,230美元，比上一年减少177,901美元，这是由于同期收入减少和房地产运营费用增加所致。
| Nine months ended | |||||||||||
| January 31 | |||||||||||
| 2022 | 2021 | ||||||||||
| Property revenue | $ | 2,114,767 | $ | 2,201,208 | |||||||
| Property operating expenses | (407,537 | ) | (316,077 | ) | |||||||
| Net operating income | $ | 1,707,230 | $ | 1,885,131 | |||||||
| 截至9个月 | |||||||||||
| 一月三十一日 | |||||||||||
| 2022 | 2021 | ||||||||||
| 财产收入 | $ | 2,114,767 | $ | 2,201,208 | |||||||
| 物业运营费用 | (407,537 | ) | (316,077 | ) | |||||||
| 净营业收入 | $ | 1,707,230 | $ | 1,885,131 | |||||||
Adjusted funds from operations
调整后的运营资金
For the nine months ended January 31, 2022 the Company recorded adjusted funds from operations of $535,819 ($0.30 per share) compared to $666,527 ($0.37 per share) in 2021.
在截至2022年1月31日的9个月中，公司记录的调整后运营资金为535,819美元(每股0.30美元)，而2021年为666,527美元(每股0.37美元)。
| Nine months ended | |||||||||||
| January 31 | |||||||||||
| 2022 | 2021 | ||||||||||
| Net income | $ | 547,923 | $ | 631,501 | |||||||
| Add (deduct) items not affecting cash: | |||||||||||
| Fair value adjustment to investment properties | 25,000 | 40,000 | |||||||||
| Loss (gain) on sale of investment properties | 4,583 | (5,819 | ) | ||||||||
| Tax on gains from sale of property | 9,065 | 27,700 | |||||||||
| Deferred income taxes | (16,752 | ) | (23,118 | ) | |||||||
| Expenses related to strategic review | 0 | (3,737 | ) | ||||||||
| Sustaining capital expenditures | (34,000 | ) | 0 | ||||||||
| Adjusted funds from operations | $ | 535,819 | $ | 666,527 | |||||||
| Adjusted funds from operations per share | $ | 0.30 | $ | 0.37 | |||||||
| 截至9个月 | |||||||||||
| 一月三十一日 | |||||||||||
| 2022 | 2021 | ||||||||||
| 净收入 | $ | 547,923 | $ | 631,501 | |||||||
| 增加(扣除)不影响现金的项目： | |||||||||||
| 投资性物业的公允价值调整 | 25,000 | 40,000 | |||||||||
| 出售投资性物业的损失(收益) | 4,583 | (5,819 | ) | ||||||||
| 出售财产所得的税款 | 9,065 | 27,700 | |||||||||
| 递延所得税 | (16,752 | ) | (23,118 | ) | |||||||
| 与战略评估相关的费用 | 0 | (3,737 | ) | ||||||||
| 维持性资本支出 | (34,000 | ) | 0 | ||||||||
| 调整后的运营资金 | $ | 535,819 | $ | 666,527 | |||||||
| 调整后每股运营资金 | $ | 0.30 | $ | 0.37 | |||||||
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. The Board has followed a programme of divesting less desirable sites, which has resulted in the sale of 26 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。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26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 nine months ended January 31, 2022, along with the Management's Discussion and Analysis will be filed with SEDAR at .
公司截至2022年1月31日的9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。
DIVIDEND
分红
The Directors of the Company have declared a dividend on Class B Special and Common Shares of 40 cents per share. The dividend of 40 cents will be paid to those shareholders of record as of March 23, 2022 and payable on March 31, 2022.
公司董事已宣布B类特别和普通股的股息为每股40美分。40美分的股息将支付给截至2022年3月23日登记在册的股东，并于2022年3月31日支付。
The dividends for Canadian tax purposes will be considered as an eligible dividend.
出于加拿大税务目的，股息将被视为符合条件的股息。
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，也不能与其他公开交易实体提出的类似名称的措施相比较。
For the Board of Directors
G.W.J. Pottow, President
Tel: 416-698-2591
对于董事会来说
G.W.J.波托，总统
电话：416-698-2591