Moa warns FY loss could be $6 mln, undertakes strategic review

Sun, 03 Nov 2013

By Paul McBeth Nov. 4 (BusinessDesk) - Moa Group, the boutique beer maker which raised $16 million in a float last year, expects to post a bigger annual loss than flagged in its offer document after saying it would miss its sales forecast and its board will embark on a strategic review to try and improve its profitability. The Auckland-based company anticipates it will post a loss of between $5 million and $6 million in the 12 months ending March 31, 2014, at least twice the forecast loss of $2.5 million in its 2013 prospectus. The profit w...

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