E-Malt.com News article: New Zealand: Moa Group well positioned to take advantage of growing demand for craft beer

Moa Group says it is well positioned to take advantage of a growing market for craft beer, with lower overheads and improved margins, Radio New Zealand reported on July 30.

Shareholders elected two new directors, and a chair with industry experience to lead the board, at its annual meeting in Auckand on July 29.

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 on July 29, a fraction of its 107.5 cent price just two years ago.


31 July, 2015