Moa shares soar after meeting sales guidance

Moa shares soar after meeting sales guidance
April 4 (BusinessDesk) - Shares in Moa Group soared to a three-week high after the beer maker said it met a sales target, which it was forced to cut last year when switching its local distribution. The shares jumped 19 percent to 63 cents after the Auckland-based company said it sold 3.67 million bottles in the year ended March 31, and will announce its formal result on May 27. In December it forecast a full-year loss of between $5 million and $6 million, at least twice the expected loss of $2.5 million in its 2013 prospectus. The stock slu...