Moa Group says it is well positioned to take advantage of a growing market for craft beer, with lower overheads and improved margins.
Shareholders elected two new directors, and a chair with industry experience to lead the board, at its annual meeting in Auckand yesterday.
Chief executive Geoff Ross said the company had made a number of operational improvements over the past year which had reduced costs and positioned the business to develop new market opportunities.
"We're focusing on New Zealand and Australia, that's where we've got our own people and resource.
"China's really exciting for us at the moment ... we've got a great distributor there, we've been working hard with them (and) we see growth there," he said.
Moa's share price ended half a cent down to 28 cents yesterday, a fraction of its 107.5 cent price just two years ago.