Sharechat Logo

Moa to be distribution partner for Lewis Road Creamery's Chocolate Cream Liqueur, affirms guidance

Thursday 9th February 2017

Text too small?

Moa Group, the unprofitable Marlborough-based brewer, is to partner with Lewis Road Creamery as the dairy products marketer enters the liquor market with its Chocolate Cream Liqueur.

The sales and distribution agreement is the second such partnership after it announced last September a distribution deal with Wellington-based ParrotDog Brewing. At its 2016 annual meeting, Moa said it would consider distributing "a small set of complementary brands" to "build scale and breadth of offer". As well as distribution deals it would consider acquisitions, it said.

In September, the company forecast 2017 revenue of $9.5 million to $11 million, excluding ParrotDog and predicted a wider gross margin, and "solid earnings improvements." Today it affirmed the revenue guidance and said it would provide a further update in April. Moa has posted annual losses the past three years, although the loss in 2016 of about $3 million was down from 2014's $5.8 million loss.

Moa shares last traded at 70 cents and have gained 24 percent in the past 12 months, outpacing a 17 percent gain in the S&P/NZX 50 Index.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

KPG - Kiwi Property announces GM Corporate Services
Mainfreight Limited - Trading Conditions Update 2 May 2025
SIML - Change to Executive Team
BAI - Divestment of education group
May 2nd Morning Report
MMH - Marsden Maritime Holdings (MMH) releases Scheme Booklet
CVT - Comvita announces change to Board of Directors
TRU - Published Saudi Arabia Study Confirms TruScreen's Results
May 1st Morning Report
TruScreen Re-enters India Appinting New Distributor