• Q3 Net profits up by 35% to US$1.7m
  • Operating profits for same period rise by 41% to $2.4m
  • Volumes drop by 10% to 62,276 hectolitres
Big Rock Brewery saw volumes drop 10% because of price promotions last year

Big Rock Brewery saw volumes drop 10% because of price promotions last year

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.