Brewery is one Sharp shooter

Sharp’s Brewery has cemented its position as one of the fastest-rising players in the British craft brewing sector after reporting impressive growth figures.

The Cornish brewery, based in Rock and famed for producing Doom Bar, saw profit quadruple in 2010, while turnover grew by 40% from £11.4 million to £16.1m.

Pre-tax profits, meanwhile, grew from £428,225 to £1.63m in the year ending Oct 2010, with much of the income attributed to Doom Bar’s performance in the Enterprise Inns estate where it is the second biggest selling cask ale.

Commenting on the year ahead, Sharp’s directors remained bullish, saying: “The beer industry is very competitive, with low barriers to entry for new brewers and progressive duty relief providing a considerable cost advantage to smaller brewers.

“Sharp’s focuses its efforts on beer quality and excellent customer service and does not compete as a matter of course on price. The board does not foresee a significant increase in competitive pressure over the coming months.”

Ben McFarland, 28.01.2011