Moa first-half loss widens as brewer pours investment into Chinese beachhead

Wed, 29 Nov 2017

By Paul McBeth Nov. 30 (BusinessDesk) - Moa Group widened its first-half loss as the boutique beer maker accelerated spending to expand its beachhead in China, which it now sees as its most promising export market. The Auckland-based company reported a loss of $1.5 million, or 2.7 cents per share, in the six months ended Sept. 30, compared to a loss of $1.3 million, or 2.6 cents, a year earlier. Sales rose 29 percent to $4.5 million, with gross margin widening to 28.8 percent from 27.2 percent, while Moa's sales and marketing expense jum...

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