Big Rock Brewery Inc. Announces 2012 Second Quarter Financial Results
CALGARY, ALBERTA--(Marketwire - Aug. 3, 2012) - Big Rock Brewery Inc. (TSX:BR) ("Big Rock" or the "the Brewery") announced its financial results today for the quarter ended June 30, 2012. The total volume of sales for the quarter ended June 30, 2012 was 61,615 hectolitres ("hl"), an increase of 2 percent compared to the second quarter in 2011.
Big Rock was able to increase sales for the quarter of its premium signature offerings, including the innovative beers introduced as part of the Brewmaster's Edition. Growth in sales volumes for the quarter also came from consumer-driven demand for value-priced brands.
Net income for the quarter ended June 30, 2012 was $1.7 million compared to $0.6 million in the quarter ended June 30, 2011. Operating profit was $2.3 million compared to $0.8 million for the second quarter of 2011. The improvement in operating profit resulted from higher revenue on increased sales as well as reduced selling expenses.
The Financial Statements and Management Discussion and Analysis dated August 3, 2012 can be viewed on Big Rock's website at bigrockbeer.com/corporate and on SEDAR at sedar.com under Big Rock Brewery Inc.
About Big Rock Brewery Inc.
Big Rock Brewery Inc. - headquartered in Calgary, Alberta - produces premium, all-natural craft beers. As Canada's leading craft brewer, Big Rock boasts a family of twelve exceptional ales and lagers; Rock Creek dry apple cider as well as an ongoing selection of seasonal beers in the Brewmaster's Series. Big Rock products are sold in nine provinces and three territories in Canada and they are also available in Korea.
For more information on Big Rock Brewery visit bigrockbeer.com.