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Brick Brewing profit misses consensus by 52.1% in fiscal Q3

Brick Brewing Co. Ltd. said its normalized net income for the fiscal third quarter ended Oct. 25 amounted to C$334,780, an increase of 63.8% from C$204,370 in the prior-year period.

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

The normalized profit margin climbed to 2.8% from 2.2% in the year-earlier period.

Total revenue grew 6.1% on an annual basis to C$9.8 million from C$9.3 million, and total operating expenses increased from the prior-year period to C$9.2 million from C$8.8 million.

Reported net income decreased 42.6% from the prior-year period to C$349,790, or 1 cent per share, from C$608,910, or 2 cents per share.