Canada: Brick Brewing slips to loss in Q3, revenues decline

Brick Brewing Co. Ltd. announced its third quarter financial results, reporting a net loss of C$858 thousand or C$0.04 per share, compared to net earnings of C$40 thousand or breakeven per share in the same quarter last year, RTTNews reported December 11.

Net revenues for the quarter declined to C$7.54 million, from C$8.7 million in the prior year quarter. Gross revenues for the quarter decreased 7.2% to C$16.91 million, from C$18.22 million in the same quarter previous year.

For the nine-month period, the company posted a net loss of C$1.47 million or C$0.06 per share, compared to net earnings of C$1.13 million or C$0.03 per share in the same period last year. Net revenues for the period were C$24.04 million, down from C$27.3 million in the same period prior year. Gross revenues for the period decreased to C$54.55 million, from C$57.55 million in the same period previous year.

12 December, 2007