Broo deal prompts trading halt

ASX-listed brewer Broo Ltd placed its shares in a trading halt today, pending an announcement later this week.

The maker of Broo Premium Lager requested the trading halt due to “a material acquisition”, details of which will become public by Friday February 17.

No further information was available about the latest turn in the company’s eventful ASX campaign.

The three-month spell has already comprised a new distribution deal in China, as well as the buyout of Mildura Brewery.

Financials revealed
The trading halt comes 24 hours after Broo posted its first financial results as a publicly listed company.

The brewer’s revenue increased 48 per cent to $362,359 for the half year to December 31, 2016.

But it still recorded a loss of $1,465,564, which was actually an 18 per cent improvement on the previous year’s deficit of $1,779,222.

Further information will be provided as soon as it comes to light.

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