Listed craft brewer Moa reduces losses while ramping up sales

Wed, 27 May 2015

By Fiona Rotherham May 28 (BusinessDesk) - Moa Group, the listed boutique beer maker, has cut its annual loss by 5 percent and boosted sales by nearly a third in its latest financial results. The Auckland-based brewer, which went public in 2012, reported a net loss of $5.58 million in the year ended March 31, compared to loss of $5.82 million the previous year. Revenue rose to $6.1 million from $4.59 million while sales volumes climbed 40 percent to 1.7 million litres, near what the company’s prospectus forecast it would achieve in the 20...

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