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GDA - Good Drinks Australia

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On November 25th, 2020, Gage Roads Brewing Co Limited (GRB) changed its name and ASX code to Good Drinks Australia Limited (GDA).
 
Good Drinks Australia reporting some good financial results this week.


Net Profit up almost 600% is a significant improvement and it looks like a good sales and marketing team and strategy is starting to pay real dividends for GDA. Management seems convinced that this momentum can continue to the FY results. If so, by the end of this year the GDA share price will be much close to 20c than 10c.

 
OMG
OMG, people were pissing so much without watching their wallets
Congratulations GRB and now GDA holders.
 
nice transformation



H1 FY21 CONSOLIDATED SUMMARY
• Good Drinks Volume up 46% to 6.1m Litres
• Total Volume up 41% to 8.6 m Litres
• Revenue up 47% to $28.4m
• Gross Profit Margin up 2% to 71%
• Variable Production Costs down 30% to $0.41 per Litre produced
• EBITDA up $6.8m to $7.1m
• Good Drinks is the #1 independent craft supplier in Australia
• Single Fin is now the #1 craft beer in WA
• Atomic Beer Project (Redfern NSW) open
 
in April, Market Update was optimistic, but the SP response was rather flat... Ongoing lockdowns not helping.... WA would be OK but the Redfern outlet must be gathering cobwebs.

Work is to commence on the A-Shed in Freo

Highlights
  • Good Drinks Volume 8.8m L, up 42% on YTD FY20
  • Total Sales Volume 12.8m L, up 41% on YTD FY20
  • Strong momentum to close out FY21
 
Good Drinks Australia Ltd (GDA) was removed from the ASX's Official List at the close of trading on Monday, 30 December 2024 at the request of GDA, under Listing Rule 17.11, after security holders resolved to remove GDA from the Official List.
 
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