• First-half net profits of CAD238,664 (US$0.2m) 
  • H1 net sales slip 11% to CAD18m
  • Operating profits total CAD325,419

Brick Brewing Co has returned to profit in its first-half, but sales suffered in Q2 with the company blaming “cooler weather”.

Net profits in the six months to the end of July came in at CAD238,664 (US$0.2m) after losses in the prior year of CAD403,042, the Canadian brewer said today. Sales in the period slipped by 11%, however, to CAD18m.

The bottom line was helped by “lower operating costs”, improved premium product mix and “favourable pricing”, the Ontario-based group said.

Sales in the second quarter fell 8.8% to CAD10.4m, with Brick pointing to "cooler weather" and no repeat of a promotional offer on the Laker brand in the prior year.

However, the company flagged that volumes of its Waterloo premium craft brands grew by 39% in the second quarter, helped by a postive response Waterloo Radler.

Last month, the company announced it had agreed to sell its original brewhouse in Waterloo, Ontario, for CAD4m (US$3.7m), as part of a consolidation strategy.  

Brick developed the Waterloo site as its first brewery, when the company was formed in 1984.

To read the company's full H1 results statement, click here.