Asahi's Independent Liquor lifts 2017 sales, keeping margins intact

Wed, 06 Jun 2018

By Jonathan Underhill June 6 (BusinessDesk) - Independent Liquor NZ, which owns alcohol brands such as Woodstock Bourbon and Boundary Road beer, increased sales in 2017 while keeping its margins intact, resulting in a 53 percent gain in net profit. Profit attributable to the owner rose to $23.4 million in calendar 2017 from $15.3 million a year earlier, according to the Papakura-based company's financial statements. Sales rose to $408.6 million from $352 million in 2016. Cost of sales remained steady at around 70 percent. Japan's Asah...

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