Beer firm expanding
Innis & Gunn books loss after investing in growth
In its latest accounts chairman Tony Hunt says the firm “sacrificed short-term profit” as it poured resources into expansion.
The Edinburgh-based craft beer firm now earns nearly three-quarter of it sales from overseas markets.
It booked a pre-tax loss of £275,000 in the year ended 31 December 31 against a £294,000 profit in 2014.
Mr Hunt said the strength of the pound against other currencies, notably the Canadian dollar and Swedish crown, had cut operating profit by £500,000.
In April it acquired the Inveralmond Brewery, in Perth after dropping plans to build its own facility.
The company will invest in a new brewing and maturation facility at Inveralmond, using £3.1 million raised last summer through a BeerBond crowdfunding programme.