Moa sees full-year loss similar to 2014's $5.8 mln, recovery in 2016

Mon, 16 Mar 2015

March 17 (BusinessDesk) - Moa Group, the boutique beer maker, says its full-year loss will be in line with 2014's loss of $5.8 million, with its strategy to cut costs and fatten margins likely to start delivering benefits in 2016. The unprofitable brewer, which went public in 2012 and counts Pioneer Capital and the Business Bakery as major shareholders, said sales in the year ending March 31 are expected to jump 40 percent to more than 1.7 million litres, or the equivalent of 5 million bottles. The Auckland-based company has overhauled i...

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