CANADA: Big Rock Brewery Income Trust announces monthly distribution

By just-drinks.com editorial team | 22 August 2006

Big Rock Brewery Income Trust has announced that a distribution of C$0.11 (US$0.10) per trust unit will be paid on 15 September to unitholders of record on 31 August.

The trust units will commence trading on an ex-dividend basis from 29 August.

Earlier this month, Big Rock Brewery Income Trust said it had seen first-half earnings leap thanks to reduced costs and a one-off tax rebate. Big Rock, based in the Canadian province of Alberta, posted a 41% jump in net income for the period to C$3.8m (US$3.4m).

Revenues inched up 1% to C$18.9m as sales of Big Rock's private-label beers rose. The company said profits were boosted by raising prices and reducing selling costs surrounding its stable of discount brews.

Sectors: Beer & cider