Canada, AB: Big Rock Brewery's Q3 profits jump but volumes go down

Big Rock Brewery has posted a third-quarter spike in profits despite a 10% fall in volumes, local media reported on November, 5.

Net profits increased by 35% to US $1.7 mln in the three months to the end of September. Operating profits increased by 41% to $2.4 mln over the same period.

The increases were driven by volume-driven price promotions in Q3 last year, resulting in comparatively lower sales volumes but higher profit margins. Volumes in Q3 this year were down by 10% year-on-year to 62,276 hectolitres.

In first-half results, Big Rock saw net profits soar by 202%, driven by volume growth in the value sector and a drop in business costs.

09 November, 2012