Coopers posts revenue dip amid beer downturn
Coopers Brewery, the nation’s biggest Australian-owned brewer, has not been immune to the downturn in beer drinking volumes this year, reporting a dip in revenue for the 2011 financial year and a slight set back in profitability.
A publicly-owned unlisted company, Coopers has reported that despite higher production levels, overall turnover in 2010-11 fell slightly to $173 million against the record $179 million in 2009-10. After tax profit reached $23 million in 2010-11, compared to $23.5 million in 2009-10. Sydney Morning Herald – Read more…