Battling brewer Broo has today released its half-yearly results showing a net loss for the half year of more than $1.8 million.
Broo Executive Director Kent Grogan is ‘very comfortable’ with where the company is despite announcing another large loss.
Broo Limited has reassured investors that its ambitious brewing ventures will soon bear additional fruit, as its cash supplies continue to diminish.
Broo Limited has announced a major Chinese distribution deal, which comes ahead of a likely share placement.
Broo Limited has provided a bullish update on its multifaceted expansion plans, but the company’s financial position is looking increasingly precarious.
Broo Ltd is set to establish additional brewpubs in Delacombe and Sorrento, Victoria, under plans announced to the ASX on Thursday morning.
A significant marketing investment will be required for Broo Ltd to successfully launch its beer in China, according to a local industry expert.
Broo Ltd has announced plans to build “the world’s greenest brewery” in Ballarat, Victoria, which would also be one of the biggest breweries in Australia.
ASX-listed brewer Broo Ltd placed its shares in a trading halt today, pending an announcement later this week.
Shares in ASX-listed brewer, Broo Limited, jumped 17 per cent on the back of an announcement that its Chinese contract brewer will also distribute the brand.