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.
多倫多，2021年12月13日(環球通訊社)--貝克乳業有限公司(“本公司”)(多倫多證券交易所-BEK.B)欣然公佈截至2021年10月31日的六個月業績。
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個月，總收入為1,454,704美元，而2020年同期為1,524,336美元；
- 2022財年第二季度的淨收入為每股0.25美元，而2021財年為每股0.23美元。
- 2022財年第二季度的非GAAP財務指標淨營業收入為1,211,929美元，而2021財年為1,296,169美元；
FINANCIAL HIGHLIGHTS
財務亮點
Revenues and net income
收入和淨收入
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.
與截至2020年10月31日的6個月相比，截至2021年10月31日的6個月的總收入下降了69,632美元，原因是房地產收入和財務收入減少。
| 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 | |||||||
| 截至六個月 | |||||||||
| 十月三十一日 | |||||||||
| 2021 | 2020 | ||||||||
| 財產收入 | $1,434,893 | $1,478,222 | |||||||
| 財政收入 | 19,811 | 46,114 | |||||||
| 總收入 | $1,454,704 | $1,524,336 | |||||||
| 普通股和特別股東應佔淨收益 | $444,734 | $416,983 | |||||||
| 平均已發行普通股和特別股 | 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:
與截至2020年10月31日的6個月相比，截至2021年10月31日的6個月的淨收入增加了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 | |||||||
| 淨收益變動-截至2021年7月31日的三個月 | ||||||||
| 與截至2020年7月31日的三個月相比 | ||||||||
| 淨營業收入減少 | ($84,240 | ) | ||||||
| 財政收入減少 | (26,303 | ) | ||||||
| 遞延税金增加 | (2,890 | ) | ||||||
| 減少戰略審查費用 | 1,750 | |||||||
| 公允價值調整減少 | 17,000 | |||||||
| 降低當期税額 | 30,108 | |||||||
| 行政費用的減少 | 92,326 | |||||||
| 淨收入增長 | $27,751 | |||||||
Non-GAAP financial measures
非GAAP財務指標
Net operating income
淨營業收入
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個月，非GAAP財務指標的淨營業收入為1211,929美元，與去年同期相比減少了84,240美元，原因是同期收入下降和房地產運營費用增加。
| 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 | |||||||||
| 淨營業收入 | |||||||||||
| 截至六個月 | |||||||||||
| 十月三十一日 | |||||||||||
| 2021 | 2020 | ||||||||||
| 財產收入 | $1,434,893 | $1,478,222 | |||||||||
| 物業運營費用 | (222,964 | ) | (182,053 | ) | |||||||
| 淨營業收入 | $1,211,929 | $1,296,169 | |||||||||
Adjusted funds from operations
調整後的運營資金
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個月中，該公司記錄的調整後運營資金為463,602美元(每股0.24美元)，而2020年為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 | |||||||||
| 調整後的運營資金 | |||||||||||
| 截至六個月 | |||||||||||
| 十月三十一日 | |||||||||||
| 2021 | 2020 | ||||||||||
| 淨收入 | $444,734 | $416,983 | |||||||||
| 添加(扣除)不影響現金的項目： | |||||||||||
| 投資性物業的公允價值調整 | 11,000 | 28,000 | |||||||||
| 遞延所得税 | 7,868 | 4,978 | |||||||||
| 與戰略評估相關的費用 | (1,750 | ) | |||||||||
| 可持續資本支出 | (34,000 | ) | |||||||||
| 調整後的運營資金 | $429,602 | $448,211 | |||||||||
| 調整後每股運營資金 | $0.24 | $0.25 | |||||||||
STRATEGIC REVIEW
戰略審查
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.
董事會不斷評估公司的戰略方向，並與潛在的收購者進行討論。這些討論目前都不活躍。董事會遵循了一項剝離不太可取的土地的計劃，這導致在過去7年中出售了25處投資物業。該公司將繼續評估其戰略選擇，並將在適當和必要時更新市場。
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個月的中期財務報表以及管理層的討論和分析將提交給SEDAR，網址為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.
請讀者注意，雖然“淨營業收入”和“運營資金”這兩個術語通常用於衡量、比較和解釋加拿大房地產公司的經營和財務表現，而且這些術語在“管理層討論和分析”中有定義，但根據加拿大公認的會計原則，這些術語不是公認的術語。此類術語不一定具有標準化含義，也可能無法與其他公開交易實體提出的同名措施相比較。
For the Board of Directors
G.W.J. Pottow, President
Tel: 416-698-2591
對於董事會來説
美國總統波託(G.W.J.Pottow)
電話：416-698-2591