| Gage Roads: Somethings Brewing in Fremantle? |
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| Monday, 23 January 2012 06:32 | |||
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Gage Roads Brewing Co Limited (ASX: GRB) could be brewing up a ripper result for 2012. After posting a maiden profit of $0.12m in 2011, Gage Roads has now announced sales volumes jumped by 100% in the three months to December 2011. Much of the growth was attributed to demand from Woolworths Limited (ASX: WOW) and an increase in demand for several new products, such as apple and pear cider. Sales volumes of proprietary brands also jumped 97%. Despite this companies potential, the shares are down 22% since January 2011, compared to the S&P/ASX200 index down 12%. Gage Roads has a micro-market cap of $21m, and is currently trading at around 6 cents. More info: http://finance.ninemsn.com.au/newsbusiness/motley/8406811/gage-roads-something-brewing-in-fremantle
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