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drinks yearbook 2013

Figures and Facts drinks yearbook | 95 Exchange Rates of the Australian dollar against the US dollar High USD Low USD June 2013 3/6/13 0.9757 30/6/13 0.9127 July 2013 23/7/13 0.9289 12/7/13–13/7/13 0.905 August 2013 11/8/13 0.9193 30/8/13–31/8/13 0.89 Source: Reserve Bank of Australia Official cash rate Jun 13: 2.75% Jul 13: 2.75% Aug 13: 2.5% Institutional investors strengthened their share in Gage Roads Brewing after the brewer embarked on a $7.4 million capital raising exercise. To raise $5,542,500, Gage Roads offered a total of 36,950,000 shares to institutional investors at $0.15 per share. A trading update in winter showed that SABMiller had enjoyed a 6 per cent overall growth in the Asia Pacific region over the year and that the re-launched Victoria Bitter had experienced success after a decade of declines. Coopers announced that it had experienced one of the longest periods of sustained growth in the company’s history, with an average growth of 9.8 per cent for the past 20 years. Further, Lion’s Q1 trading update revealed that quarterly beer volumes had fallen 2.8 per cent, which the company said was an improvement on its annualised volume decline of 4.6 per cent. Treasury Wine Estates revealed the necessary destruction of old stock due to over-ambitious forecasting of new commercial product


drinks yearbook 2013
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