Moa narrows first-half loss, eyes new tie-ups

Wed, 23 Nov 2016

By Jonathan Underhill Nov. 24 (BusinessDesk) - Moa Group narrowed its first-half loss after lifting sales while trimming costs, and said it expects to continue driving revenue growth while holding expenses at bay. The loss narrowed to $1.2 million in the six months ended Sept. 30, from $1.69 million a year earlier, the Marlborough-based brewer said in a statement. Sales climbed to $3.7 million from $3.3 million, while expenses fell to $2.4 million from $2.7 million. Moa has previously given guidance for full-year revenue of between $9...

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