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Brick Brewing fiscal Q3 profit falls YOY

Brick Brewing Co. Ltd. said its normalized net income for the fiscal third quarter ended Oct. 26 amounted to C$204,370, a decline of 64.1% from C$568,910 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 2.2% from 5.9% in the year-earlier period.

Total revenue declined year over year to C$9.3 million from C$9.6 million, and total operating expenses climbed year over year to C$8.8 million from C$8.5 million.

Reported net income came to C$608,910, or 2 cents per share, compared to C$683,260, or 2 cents per share, in the year-earlier period.