Moa narrows first-half loss on improved gross margin, bigger volumes

Sun, 18 Oct 2015

By Jonathan Underhill Oct. 19 (BusinessDesk) - Moa Group said its first-half loss narrowed after the listed beer company lifted the volume and value of sales and improved its gross margin. The net loss was $1.7 million in the six months ended Sept. 30, an improvement on the year-earlier loss of $3.2 million, the Auckland-based company said in a statement, citing preliminary figures. Sales rose 38 percent to $3.4 million. Moa shares rose 5.4 percent to 39 cents and have jumped 32 percent in the past three months on optimism about market...

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