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.
Broo
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.
Losses continue for Broo despite growth
ASX-listed brewer Broo’s run of losses has continued, though the company has posted a smaller loss for the last quarter.
Losses continue at Broo
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 in stock-market halt
Publicly-listed brewing operation, Broo, has been forced to confirm to the Australian Stock Exchange that it has complied with its disclosure requirements following today’s significant, unexplained share price jump.
Brews News Week Episode 189
This week on Brews News Week we welcome Pete back after a break and talk about the news of the week, including: the Bintani sale, Lion job cuts and Broo.