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Beer firm expanding

Innis & Gunn books loss after investing in growth

Innis & GunnBrewer Innis & Gunn reported a pre-tax loss in its last year as it took a hit to profits in order to invest 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.

Investment has continued into this financial year with a joint venture in France and a new sales partner in the US.

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.

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