Big Rock Brewery books $2.5-million profit for 2011, reversing 2010 loss

Big Rock Brewery Inc. said Tuesday it recorded $2.5 million in net income for 2011 and that its president is resigning.

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.

Just Posted

City of Red Deer invests $50,000 in CFR opening ceremony

Several councillors warn it’s a one-time deal

Updated: Trial begins for woman accused of drunk driving in fatal collision

An eyewitness to a fatal collision near Red Deer described the scene… Continue reading

Red Deer city councillor proposes stricter rules for stray shopping carts and an anti-theft bike registry

Coun. Buck Buchanan’s Notices of Motion to be discussed by council on Oct. 1

Red Deer MP pleased Conservative ranks keep growing

Frustration with pipelines continue

UPDATED: Stretching for a good cause at Central Alberta Yogathon in Red Deer

Funds raised go to Central Alberta Sexual Assault Support Centre

Korean leaders meet in Pyongyang for potentially tough talks

PYONGYANG, Korea, Democratic People’s Republic Of — South Korean President Moon Jae-in… Continue reading

Russia blames Israel for plane shot down by Syrian missile

MOSCOW — A Russian reconnaissance aircraft was shot down by a Syrian… Continue reading

B.C. defends approach to pot as only one government shop is ready to open

VANCOUVER — British Columbia’s public safety minister says the province will meet… Continue reading

Fort Macleod boy in stolen SUV found safe

FORT MACLEOD, Alta. — Police in Alberta say a six-year-old boy who… Continue reading

Rare ‘fire whirl’ caught on video in B.C. shows strange world of wildfires

A towering funnel of smoke and flames captured on video by a… Continue reading

Canada bans use of trans fats in food products

OTTAWA — Canada’s ban on the main source of artificial trans fats… Continue reading

Feds, Indigenous groups agree on spending plans for $1.7 billion for child care

OTTAWA — Three national Indigenous organizations will receive a combined $1.7 billion… Continue reading

Abdelrazik torture lawsuit delay would be unconscionable, his lawyer tells judge

OTTAWA — A government lawyer is making a last-minute plea to delay… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month