09:14 AM EST, 12/13/2024 (MT Newswires) -- The Becker Milk Company (BEK-B.TO) overnight Thursday reported a swing to profit for the six months ended Oct. 31, even as revenues fell.

The company reported net income attributable to common and special shareholders for the six months to the end of October of $1.4 million compared to a loss of $546,853, a year earlier. Income per share was $0.78 versus a loss of $0.30 a year earlier.

Total revenue fell to $1.45 million from $1.48 million a year earlier.

The company also reported adjusted funds from operations of $300,304 compared with $482,063, a year earlier. Adjusted funds from operations per share was $0.17 versus $0.27, a year earlier.

When compared to the six months ended Oct. 31, 2023, there was a $3.3 million favorable change in the fair value adjustment to investment properties, the company said in a statement.

Becker Milk also added it continues to review its strategic alternatives and will update the market as appropriate, and as required.

Shares of the company were flat at $12.75 at last close on the Toronto Stock Exchange.