Independent Liquor back in black on fatter margins in face of shrinking sales

Thu, 06 Jul 2017

By Sophie Boot July 6 (BusinessDesk) - Independent Liquor NZ, which owns alcohol brands such as Woodstock Bourbon and Boundary Road beer, returned to profit in 2016 as the country's biggest RTD maker fattened its margins and slashed its marketing spend in the face of shrinking revenue. The Papakura-based company posted a profit of $15.4 million in calendar 2016, turning around a loss of $727,000 a year earlier when the Asahi Group owned liquor company wrote down the value of its assets. Revenue shrank 11 percent to $351.9 million, howeve...

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