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  • First-half sales slide by 14% to CAD23.6m (US$20.7m)
  • Stripping out one-off costs, sales in six months to end of July come in flat
  • Q2 top-line rises 4.2% to CAD16.6m
  • Good weather drives second-quarter growth

A good summer in Canada has helped pull up Brick Brewing Co in its fiscal first half, although performance in the second quarter failed to make up for a tough start to the year for the craft brewer.

Brick Brewing Co said it is pleased with its performance in the first half of fiscal-2019

Brick Brewing Co said it is pleased with its performance in the first half of fiscal-2019

The Ontario-based company said late yesterday that sales in the six months to the end of July came in flat once one-time costs were factored in. In the second quarter, however, sales were up by just over 4%.

The Q2 rise followed a near-40% slide in sales in the first three months of Brick Brewing's fiscal-2019.

The one-off costs relate to the switch to a consignment basis by the craft brewer's largest customer, The Beer Store.

Despite the numbers, Brick Brewing professed itself satisfied with the performance. "We are very pleased with our overall recovery ... in our second quarter," said CEO George Croft. "The warm summer weather has been very positive for the beer industry, pushing total Ontario beer industry 0.6% higher than the prior year."

The doubling of canning capacity earlier in the calendar-year was described as "terrific" by the brewer. COO Russell Tabata added: "As of the end of July, the new equipment is operating ahead of targeted rates and has delivered additional volume during the critical summer selling season."

As well as the Waterloo beer brand, Brick Brewing also owns the Canadian rights to the LandShark and Margaritaville brands for beer, cider and malt-based coolers, after securing a ten-year term for the pair at the end of 2015.

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