Brick Brewing Reports First Quarter F2017 EBITDA of $1.9M
KITCHENER, ON-- June 02, 2016) - Highlights:
Net revenue increased to $9.5 million, from $7.7 million in the prior year.
Gross margin improved to 35.0% from 27.1%.
Selling, Marketing and Administration ("SM&A") expenses increased nominally to $1.9 million from $1.8 million.
EBITDA* improved to $1.9 million in the quarter, more than double the $0.9 million in prior year.
The Board of Directors re-affirmed the quarterly dividend, $0.012/share, payable July 25, 2016 to shareholders of record as of July 11, 2016. The dividend is classified as an eligible dividend.
Brick Brewing Co. Limited ("Brick" or the "Company") (BRB.TO), the largest Canadian-owned brewery in Ontario, today released financial results for the first quarter ended May 1, 2016. Brick reported first quarter EBITDA of $1.9 million on net revenue of $9.5 million.
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Published: 02 June 2016
Written by Editor