CANADA: Weather cools Big Rock Brewery profits
Big Rock Brewery volumes up in H1
Canada's Big Rock Brewery has blamed cold weather in the second quarter of the year for hampering half-year profits.
Net profits dipped to CAD3.7m (US$3.6m) for the six months to the end of June, compared to CAD3.8m in the first half of 2009, Big Rock said yesterday (5 August). Second quarter profits dipped by CAD0.3m to CAD2.1m.
"Management believes the weather adversely impacted earnings in the second quarter, eroding some of the gains made earlier in the year," said the craft beer brewer.
The group did not release sales figures, but said it has maintained beer sales momentum.
"Despite the colder weather we've been experiencing this summer, I am very pleased to see continued growth in our sales volumes," said president Bill McKenzie.
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