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.
多倫多，2022年3月14日(環球通訊社)--Becker Milk Company Limited(“公司”)(多倫多證券交易所-BEK.B)很高興地報告了截至2022年1月31日的9個月的業績。
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個月，總收入為2144664美元，而2021年同期為2262,016美元；
- 2022財年第三季度的淨收入為每股0.30美元，而2021財年為每股0.35美元。
- 2022財年第三季度的非GAAP財務指標淨營業收入為1,707,230美元，而2021財年為1,885,131美元；
FINANCIAL HIGHLIGHTS
金融亮點
Revenues and net income
收入和淨收入
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.
由於房地產收入和財務收入的減少，截至2022年1月31日的9個月的總收入比截至2021年1月31日的9個月下降了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個月 | |||||||||
| 一月三十一日 | |||||||||
| 2022 | 2021 | ||||||||
| 財產收入 | $ | 2,114,767 | $ | 2,201,208 | |||||
| 財政收入 | 29,897 | 60,808 | |||||||
| 總收入 | $ | 2,144,664 | $ | 2,262,016 | |||||
| 普通股和特別股東應佔淨收益 | $ | 547,923 | $ | 631,501 | |||||
| 平均已發行普通股和特別股 | 1,808,360 | 1,808,360 | |||||||
| 每股收益 | $ | 0.30 | $ | 0.35 | |||||
Components of the $83,578 decrease in net income for the nine months ended January 31, 2022 compared to the nine months ended January 31, 2021 are:
與截至2021年1月31日的9個月相比，截至2022年1月31日的9個月的淨收益減少了83,578美元，其中包括：
| Decrease in net operating income | ($ | 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 | ) | |||
| 淨營業收入減少 | ($ | 177,901 | ) | |||
| 財政收入減少 | (30,911 | ) | ||||
| 處置虧損增加 | (10,402 | ) | ||||
| 遞延退税減少 | (6,366 | ) | ||||
| 減少戰略審查費用 | 3,737 | |||||
| 減少負公允價值調整 | 15,000 | |||||
| 降低當期税額 | 53,476 | |||||
| 行政費用的減少 | 69,789 | |||||
| 淨收入減少 | ($ | 83,578 | ) | |||
Non-GAAP financial measures
非公認會計準則財務衡量標準
Net operating income
淨營業收入
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個月，非GAAP財務指標的淨營業收入為1,707,230美元，比上一年減少177,901美元，這是由於同期收入減少和房地產運營費用增加所致。
| 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個月 | |||||||||||
| 一月三十一日 | |||||||||||
| 2022 | 2021 | ||||||||||
| 財產收入 | $ | 2,114,767 | $ | 2,201,208 | |||||||
| 物業運營費用 | (407,537 | ) | (316,077 | ) | |||||||
| 淨營業收入 | $ | 1,707,230 | $ | 1,885,131 | |||||||
Adjusted funds from operations
調整後的運營資金
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個月中，公司記錄的調整後運營資金為535,819美元(每股0.30美元)，而2021年為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個月 | |||||||||||
| 一月三十一日 | |||||||||||
| 2022 | 2021 | ||||||||||
| 淨收入 | $ | 547,923 | $ | 631,501 | |||||||
| 增加(扣除)不影響現金的項目： | |||||||||||
| 投資性物業的公允價值調整 | 25,000 | 40,000 | |||||||||
| 出售投資性物業的損失(收益) | 4,583 | (5,819 | ) | ||||||||
| 出售財產所得的税款 | 9,065 | 27,700 | |||||||||
| 遞延所得税 | (16,752 | ) | (23,118 | ) | |||||||
| 與戰略評估相關的費用 | 0 | (3,737 | ) | ||||||||
| 維持性資本支出 | (34,000 | ) | 0 | ||||||||
| 調整後的運營資金 | $ | 535,819 | $ | 666,527 | |||||||
| 調整後每股運營資金 | $ | 0.30 | $ | 0.37 | |||||||
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. 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.
董事會不斷評估公司的戰略方向，並與潛在的收購者進行討論。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26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 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。
DIVIDEND
分紅
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.
公司董事已宣佈B類特別和普通股的股息為每股40美分。40美分的股息將支付給截至2022年3月23日登記在冊的股東，並於2022年3月31日支付。
The dividends for Canadian tax purposes will be considered as an eligible dividend.
出於加拿大税務目的，股息將被視為符合條件的股息。
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.
請讀者注意，雖然“淨營業收入”和“營運資金”這兩個術語通常被用來衡量、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“管理層的討論和分析”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，也不能與其他公開交易實體提出的類似名稱的措施相比較。
For the Board of Directors
G.W.J. Pottow, President
Tel: 416-698-2591
對於董事會來説
G.W.J.波託，總統
電話：416-698-2591
譯文內容由第三人軟體翻譯。