Moa posts bigger EBITDA loss than forecast amid marketing spend-up

Wed, 29 May 2013

By Paul McBeth May 30 (BusinessDesk) - Moa Group, the boutique beer maker which raised $16 million in a float last year, reported a bigger loss on an earnings before interest, tax, depreciation and amortisation basis than was flagged in its prospectus as it spent more on marketing. Including the five months before Moa was listed, the Auckland-based company made an EBITDA loss of $3.61 million in the 12 months ended March 31, more than the $3.47 million forecast in its November prospectus. Sales jumped 81 percent to $4.38 million from a year...

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