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The Becker Milk Company Limited: 2024 Annual Financial Results
TORONTO, July 16, 2024 (GLOBE NEWSWIRE) -- The Becker Milk Company Limited (the "Company") (TSX-BEK.B) is pleased to report the results for the year ended April 30, 2024.
HIGHLIGHTS
Total revenues for the year ended April 30, 2024 were $3,045,648 compared to $2,860,435 for the same period in 2023;
The non-IFRS financial measure Net Operating Income for the year was $2,375,060 compared to $2,294,028 in 2023;
Net income for the year was $0.07 per share, compared to a net loss of $0.43 per share in 2023.
FINANCIAL HIGHLIGHTS
Total revenue for the year ended April 30, 2024 improved $185,213 compared to the year ended April 30, 2023, a result of both higher property revenue and finance income.
Year ended
April 30
2024
2023
Property revenue
$2,792,736
$2,712,093
Finance income
252,912
148,342
Total revenues
$3,045,648
$2,860,435
Net income (loss) attributable to common
and special shareholders
$124,478
($778,354)
Average common and special shares outstanding
1,808,360
1,808,360
Income (loss) per share
$0.07
($0.43)
Components of the $902,832 improvement in net income for the year ended April 30, 2024 compared to the year ended April 30, 2023 were:
Changes in Net Income - Year ended April 30, 2024
compared to year ended April 30, 2023