Moa Group narrows its FY17 loss as revenue continues to lift

Mon, 29 May 2017

By Rebecca Howard May 30 (BusinessDesk) - Moa Group, the Marlborough-based brewer, reported a slightly narrower full year net loss as revenue lifted 26 percent and gross margin improved. The loss was $2.4 million in the 12 months ended March 31 versus a loss of $3 million a year earlier, equal to a loss of 4.6 cents per share versus 6.2 cents per share in the prior period, the Auckland-based company said in a statement. The result was in line with guidance of between $9.5 million and $11 million. it included distribution for ParrotDog Br...

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