E-Malt.com News article: 451

Canadian brewer, Brick Brewing, reported sales income for the third quarter of C$4.4m, 18% down from C$5.3m in the same quarter last year. However, beer volumes in the period under review continued to grow, the company said, and were 41% up on the corresponding period last year.

The decline in co-pack volumes also impacted on operating income before interest and amortization, which fell from C$540,000 to C$25,000. "Unfortunately, a substantial year over year reduction in co-pack volume has more than offset the positive gains we achieved in our beer business,” said Brick Brewing's president, Jim Brickman.


17 December, 2002