Struggling listed brewing business Broo has revealed to the ASX this week that despite ramping up beer production and COVID assistance, revenues have declined.
Kent Grogan
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.
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.
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.
Broo confident despite another large loss
Broo Executive Director Kent Grogan is ‘very comfortable’ with where the company is despite announcing another large loss.