Brewer Moa eyes possible purchases, must deliver profits

Wed, 14 Sep 2016

By Edwin Mitson Sept. 14 (BusinessDesk) - Moa Group, the loss-making Marlborough-based brewer whose share price has tripled in the past year, has told investors it is assessing the possibility of buying other businesses, but that they would have to add to earnings. The brewer expects revenues of between $9 to $11 million in the 2017 financial year, excluding its recent deal to distribute Parrotdog. Revenue in the 2016 financial year was $8.2 million. The company announced a $4 million capital raising last week alongside the agreement...

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