CALGARY — Big Rock Brewery Inc. said Tuesday it recorded $2.5 million in net income for 2011 and that its president is resigning.
The Calgary-based beer maker (TSX:BR) said the profits reversed a year-earlier loss of $8.2 million.
It said president Bill McKenzie has resigned to “pursue other interests.”
Operating profit for the year was $3.3 million, compared to $4.1 million in 2010 on higher delivery costs and a demand-driven increase in the proportion of value-priced beer sold by the brewery.
Sales volumes were 220,973 hectolitres, a four per cent increase from 2010 an the highest annual sales volume in Big Rock’s history.