GRB 8.16% 5.3¢ gage roads brewing co limited

Ann: Appendix 4E and Annual Report FY17, page-10

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    GM% jumped from 55% to 60% from H1 to H2 so hopefully 60% is the new base for FY18. There could be seasonal reasons for the difference and in FY16 they went the other way with H1>H2. There doesn't seem to be any funny provisioning in the accounts either from what I can tell so should be at face value.
 
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