Moa boosts first quarter sales, expects higher margins to drive profits

Mon, 21 Jul 2014

By Tina Morrison July 22 (BusinessDesk) - Moa Group, the unprofitable boutique beer maker, increased first quarter sales volumes 95 percent after moving to a more direct distribution structure in New Zealand, its largest market. Beers sales volumes rose to 264,000 litres in the three months ended June 30, from 135,000 litres in the year earlier period, the Auckland-based company said in a statement. Moa didn't detail its first quarter sales value or profitability. The brewer, which went public in 2012, missed its earnings targets last...

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