The share price in craft beer company Gage Roads Brewing Co Limited (ASX: GRB) is up 4.35% to 12 cents in Monday trade following this morning's announcement that it has won a contract to be the exclusive supplier of beer and cider at Perth's nib Stadium.
The stadium plays host to A-League club Perth Glory, rugby teams and high profile concerts. The supply contract will allow the exclusive sale of Gage Roads draught and packaged products at nib Stadium for 5 years from August 27, 2018.
Gage's share price has risen 161% over the last 12 months with the company's recent quarterly showing it generated $2.9 million in operating cash flow for the June quarter. The company also announced that unaudited EBITDA for FY18 was up 28% over the prior corresponding period to $4.5 million. A key driver of revenue growth is sales to independent retailers which jumped 181% in FY18.
Overall, it's been a fantastic 12 months for investors in listed liquor merchants with Gage and others such as Australian Vintage Group (ASX:AVG) and Treasury Wines Estate Ltd (ASX:TWE) all delivering returns of over 30%, comfortably beating the return of the broader Australian share market.
