BrewDog reveals losses doubled to £59m in final year under co-founder

Brewer apologises for late release of results after James Watt rails against Labour’s plans for autumn budget

The new boss of BrewDog has promised its “punk” shareholders a return to profit, after delayed accounts revealed losses doubled in the final year under the stewardship of the beer company’s co-founder, James Watt.

BrewDog, which is based in Aberdeenshire, Scotland, apologised to investors for releasing its annual results late, in an announcement that coincided with Watt firing a broadside at the government over its plans for this month’s budget.

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