Tuesday, 6 November 2012

CANADA: Big Rock Brewery's Q3 profits jump as volumes dip

By Andy Morton | 5 November 2012

Big Rock Brewery has posted a third-quarter spike in profits despite a 10% fall in volumes.

Net profits increased by 35% to US$1.7m in the three months to the end of September, the Canadian craft brewer said on Friday (2 November). Operating profits increased by 41% to $2.4m over the same period.

The increases were driven by volume-driven price promotions in Q3 last year, resulting in comparatively lower sales volumes but higher profit margins, Big Rock said. Volumes in Q3 this year were down by 10% year-on-year to 62,276 hectolitres.

In first-half results, Big Rock saw net profits soar by 202%, driven by volume growth in the value sector and a drop in business costs.

Big Rock's shares ended on Friday 1.8% higher than at the start of the day's trading.

To read the company's announcement on the results, click here.

Source: http://www.just-drinks.com/news/big-rock-brewerys-q3-profits-jump-as-volumes-dip_id108635.aspx?utm_source=article-feed&utm_medium=rss-feed&utm_campaign=rss-feed

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