Revenues down a third and loss after tax has dropped further to $1.3 million in beleaguered ASX-listed brewer Broo’s half yearly results.
Broo
Share sales keep Broo afloat while new CFO buys in
Troubled ASX-listed brewer Broo has announced that it has narrowed its quarterly operational losses, while its new CFO has acquired a large parcel of shares from founder Kent Grogan.
Grogan nets $1 million in Broo share sale
Kent Grogan divested 10% of his voting power and has netted nearly $1 million in a share sale, the same day the beleaguered company committed to another share placing to improve working capital.
Brews News Week: Not Suitable For Kids
Pete and Matt cover a huge week in beer news, including the sale of GABS Hottest 100, IBA looking to join ABAC and drama with the NSW container scheme.
Broo’s Mildura Brewery ‘not for sale’
Broo has scotched media reports that its Mildura Brewery is for sale with founder Kent Grogan saying it will instead be investing in the facility.
Embattled Broo in the red in last quarter
Embattled ASX-listed Broo is in the red in the first quarter of its financial year, reporting negative cash assets of $290,000, as executive director Kent Grogan makes another off-market share sale to keep the business afloat.
Broo to offload Mildura Brewery
Troubled ASX-listed brewer Broo is set to offload its Mildura brewing operations and has put hospitality businesses up for sale as it looks to contract brewing after a year of losses amounting to $3.2 million.
Revenues up but losses widen at Broo
Broo CEO and founder Kent Grogan said that he expected to return to the black on domestic sales alone after the ASX-listed group reported revenues up but increased losses this year.
Broo signs up to 2 million-litre Qld distribution deal
Embattled ASX-listed brewer Broo is pinning its domestic sales hopes on a Queensland distribution agreement which it says will have a 2 million litre sales target.
Broo raises $400,000 through share issue
Beleaguered brewer Broo has raised $400,000 in a share issuance as it insists negative operating cash flows will be rectified in coming months.