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Big Rock Brewery swings to profit in Q2

Big Rock Brewery Inc. said its normalized net income for the second quarter amounted to 5 Canadian cents per share, compared with a loss of 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$361,250, compared with a loss of C$205,630 in the prior-year period.

The normalized profit margin climbed to 2.9% from negative 1.9% in the year-earlier period.

Total revenue grew 10.7% on an annual basis to C$12.3 million from C$11.1 million, and total operating expenses climbed from the prior-year period to C$11.6 million from C$11.4 million.

Reported net income came to C$412,560, or 6 cents per share, compared to a loss of C$481,320, or a loss of 7 cents per share, in the prior-year period.