No more capital raising for Moa this year; also no breakeven forecast

Fri, 03 Aug 2018

By Pattrick Smellie Aug. 3 (BusinessDesk) - New Zealand’s only NZX-listed boutique beer brewer, Moa Group, has no further capital needs “for the foreseeable future” and continues to see a breakeven result “on the horizon”, executive chair Geoff Ross told the company’s annual meeting in Auckland. Addressing around 50 shareholders, Ross acknowledged “pretty sluggish growth” in sales during the last financial year, when Moa reported revenues of $10.45 million and a total loss of $2.55 million, with both figures up slightly on the previous ye...

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