Acquisition costs push Moa to $3 mln loss

Thu, 30 May 2019

By Gavin Evans May 30 (BusinessDesk) - Brewer Moa Group reported a full-year loss of almost $3 million, with business acquisition expenses driving an 11 percent increase in costs. The firm, forecasting profit in the current year following its purchase of Savor Group, saw its March-year loss widen to $2.98 million from $2.55 million a year earlier. Sales increased by almost 16 percent to $15.9 million, but all costs other than administration also rose. The operating loss, excluding $134,000 of impairments and $435,000 of acquisition...

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