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Awethu Breweries FY headline loss

15 Oct 2014

Awethu Breweries (AWT) reported a headline loss per share of 0.85c in the year to end June from a 0.29c loss in the year-earlier period.

The group said on Wednesday, 15 October 2014, it was a disappointing year as it was still waiting for a liquor licence as well as the sale of the Ventersdorp mill.

The company reported a net loss of R3.6m and the company's liabilities exceeded its assets by R5.5m. Management said significant doubt existed on the company's ability to continue as a going concern.

Source: I-Net Bridge

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