17 Mar 2015

Moa loses more froth

1:51 pm on 17 March 2015

Craft brewer Moa is expecting to report a similar annual loss to last year's $5.8 million.

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Photo: AFP / Picture-Alliance

The company is in growth mode, lifting sales and expanding its presence in New Zealand and Australian supermarkets, and other outlets.

Chief executive Geoff Ross said the company was on track to boost volume and margins.

Annual volume is expected to rise 40 percent to 1.7 million litres, or about five million bottles, by the end of the month.

A new packaging format should lift margins by lowering production costs, though Mr Ross said that would not flow through until the coming financial year.

The company releases its full-year earnings in late May.

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