CANADA: Brick Brewing celebrates upbeat Q1
Brick Brewing Co. has posted a rise in Q1 profits. The Canadian brewer said yesterday (7 June) that profits leapt to C$752,000 (US$604,000) in the three-month period to 30 April, compared to C$149,000 in the corresponding period a year earlier.
Sales revenue was also up, to C$7m from C$4m, thanks mainly to growth in the discount and mainstream beer brands.
In a statement, executive chairman and founder Jim Brickman said: "We are delighted to report that our sales momentum continues into our new fiscal year at a record pace.
"What is even more gratifying, is we accomplished this under extremely competitive pricing conditions and during a historically softer selling period."
Diluted earnings for the quarter rose to C$0.03 per share from C$0.01 a year earlier.
Sectors: Beer & cider
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