The Becker Milk Company Limited: Six Month Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 12/14/12 -- The Becker Milk Company Limited (the "Company") (TSX: BEK.B) is pleased to report the results for the six months ending October 31, 2012.
HIGHLIGHTS
Significant components of the $492,369 decrease in net income between the six months ended October 31, 2012 compared to the six months ended October 31, 2011 are:
NET OPERATING INCOME
Net operating income for the six months ended October 31, 2012, increased by $110,883 to $1,766,732 compared to $1,655,849 in 2011. The increase resulted from both increased rental revenues and reduced property operating expenses.
For the six months ended October 31, 2012 the Company recorded Adjusted funds from operations of $1,056,537 ($0.58 per share) compared to $780,463 ($0.43 per share) in 2011. This increase is largely the result of higher operating income combined with reduced sustaining capital expenditures.
The Company's interim unaudited financial statements for the six months ended October 31, 2012, along with the Management's Discussion and Analysis will be filed with SEDAR at .
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.
Contacts:
For the Board of Directors
G.W.J. Pottow
President
416-698-2591
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Datum: 14.12.2012 - 16:17 Uhr
Sprache: Deutsch
News-ID 212987
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Retailers
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