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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