The Becker Milk Company Limited: 2013 Annual Financial Results
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 06/28/13 -- The Becker Milk Company Limited (the "Company") (TSX: BEK.B) is pleased to report the results for the year ended April 30, 2013.
HIGHLIGHTS
FINANCIAL HIGHLIGHTS
Significant components of the $2,230,438 decrease in net income between the year ended April 30, 2013 compared to the year ended April 30, 2012 are:
NET OPERATING INCOME
Net operating income for the year ended April 30, 2013 remained consistent with the previous year, decreasing only $3,143 to $3,488,036 compared to $3,491,179 in 2012.
ADJUSTED FUNDS FROM OPERATIONS
For the year ended April 30, 2013 the Company recorded Adjusted funds from operations of $1,937,615 ($1.07 per share) compared to $1,801,307 ($1.00 per share) in 2012. This increase is largely the result of reduced operating and administrative expenses.
The Company's annual financial statements for the year ended April 30, 2013, 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 a nd 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:
The Becker Milk Company Limited
G.W.J. Pottow
President
416-698-2591
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Datum: 28.06.2013 - 16:46 Uhr
Sprache: Deutsch
News-ID 274411
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Retailers
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