Moa says earnings will still be positive despite downgrade

Tue, 03 Mar 2020

Beer and cider maker Moa Group has downgraded its forecast annual operating profit although it still expects to post its first ever positive earnings before interest, tax, depreciation and amortisation result, thanks to its newly acquired hospitality venues. Now, the company expects ebitda will come in between $1 million and $1.5 million for the year ending March. In September, the company reiterated its expectation made when it bought the Savour Group hospitality chain in April last year that annual ebitda would be $3.6 million. Today...

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