The Becker Milk Company Ltd.

February 24, 2005 13:52 ET

The Becker Milk Company Limited: to Our Shareholders


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THE BECKER MILK COMPANY LTD.

TSX SYMBOL: BEK.NV.B

FEBRUARY 24, 2005 - 13:52 ET

The Becker Milk Company Limited: to Our Shareholders

TORONTO, ONTARIO--(CCNMatthews - Feb. 24, 2005) - The Becker Milk
Company Ltd. (TSX:BEK.NV.B)

To Our Shareholders:

We are pleased to report the results for the Nine months ending January
31, 2005 from our real estate and investment management business.

Revenue of $ 2,877,919 for the first nine months compares to $ 2,756,796
for the same period in 2004.

Net income for the nine months ending January 31, 2005 of $ 990,847 ($
3,338,466 in 2004) is equivalent to 54 cents per share ( $1.83 in 2004).
The decrease in the net income ($2,347,619) compared to last year is
mainly due to a one time gain on the disposal of fully depreciated dairy
equipment that was sold at auction in the second quarter of the last
fiscal year as well as the gain on disposal in the third quarter of
fiscal 2004 of the Warden Avenue property.

Today the Directors declared a dividend on Class B Special and Common
Shares of 30 cents per share to Shareholders of record of March 8,2005
payable on March 17,2005.

Management also continues to bring all the properties from which it used
to retail gasoline up to The Ministry of Environment's standards as well
as dispose of non-strategic locations.

For the Board of Directors

G.W.J. Pottow, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    The Becker Milk Company Ltd.
    G.W.J. Pottow
    President
    (416) 698-2591