Moa 1H loss widens following restructuring, sales jump 71%

Tue, 18 Nov 2014

By Tina Morrison Nov. 19 (BusinessDesk) - Moa Group posted a wider first-half loss after the unprofitable boutique beer maker restructured its fledgling business and changed distribution and brewing arrangements to underpin future growth. The Auckland-based company posted a loss of $3.21 million, or 9.5 cents a share, in the six months ended Sept. 30, from a loss of $3.04 million, or 10.1 cents, a year earlier, it said in a statement. Revenue rose 71 percent to $2.5 million, while the company took a one-time charge of $438,000 to write...

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