Moa says 2nd half trading loss narrowed on path to breaking even

Wed, 01 May 2019

By Paul McBeth May 2 (BusinessDesk) - Moa Group says it narrowed its trading loss in the second half of the financial year as it works towards breaking even after seven years of red ink since the beer brewer listed. The company said it's trading loss was $600,000 in the six months ended March 31, excluding one-off costs, such as the undisclosed bill associated with the $13 million acquisition of hospitality firm Savor Group. That implies Moa will report an annual trading loss of about $2 million, compared to a loss of $2.5 million in the...

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