Becker Milk Company Reports Financial Performance and Dividend

Author: Owen Jenkins Updated: 10-17-2025 05:50 PM

Financial Results from Becker Milk Company Limited

Becker Milk Company Limited (TSX-BEK.B) has shared its financial performance for the three months ending July 31, 2024. This report highlights vital metrics that provide insight into the company’s current operational status amid a dynamic market.

Quarterly Financial Highlights

In this quarter, total revenues reached $727,502, a slight decrease from last year's $742,639. Even with this small decline, the company’s Non-GAAP financial measure, Net Operating Income, rose to $607,453, indicating a stable base for future profits.

Comparison of Net Income

The net income per share remained steady at $0.14, the same as the previous year during this quarter. This consistency reflects effective management strategies, particularly in reducing operating costs and improving revenue channels.

Revenue Analysis

The slight drop in total revenue is mainly linked to lower finance income. Meanwhile, property revenue experienced a small increase, showcasing the company's commitment to its core business activities.

Operational Performance Insights

Diving deeper into revenue details, the encouraging rise in property revenue to $679,578 from $669,478 last year shows that the company is performing strongly in a competitive market. Management is dedicated to fostering growth by increasing revenue while controlling expenses.

Changes in Net Income This Quarter

When evaluating the shifts in net income, we should note the beneficial fair value adjustments that contributed to an improved financial outlook despite falling revenues. An impressive $973,948 financial adjustment positively influenced operations this quarter.

Increase in Operating Income

Significantly, the Non-IFRS financial measure, Net Operating Income, improved by $23,647 compared to last year, signaling enhanced operational efficiency and management performance.

Strategic Assessment and Future Plans

The Board of Directors actively reviews the company’s strategic direction. They are in talks with potential buyers and partners, aiming to boost shareholder value through new collaborations or acquisitions.

Dividend Announcement

In a positive note for shareholders, the Board has declared a semi-annual dividend of 40 cents per share. This dividend is set to be paid to shareholders on record as of September 20, 2024, underscoring the company's dedication to returning value to its investors.

Conclusion and Contact Details

Despite some challenges this quarter, Becker Milk Company Limited appears well-positioned for future growth. For further inquiries about the company or to obtain the latest financial statements filed with SEDAR+, feel free to contact G.W.J. Pottow, President at Tel: 416-698-2591.

Frequently Asked Questions

1. What were the total revenues for Becker Milk Company in the latest quarter?

Total revenues were $727,502, showing a slight reduction from the previous year’s total.

2. What is the current net income per share reported?

The net income per share for this quarter stayed consistent at $0.14.

3. How much did the Net Operating Income increase compared to last year?

The Net Operating Income increased by $23,647 compared to this time last year, totaling $607,453.

4. What dividend has the Board of Directors announced?

A semi-annual dividend of 40 cents per share has been announced, payable by September 30, 2024.

5. Who should I contact for more information about Becker Milk Company?

For additional inquiries, please reach out to G.W.J. Pottow, President, at Tel: 416-698-2591.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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