Friday 27th November 2020
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Moa Group Limited (NZX: MOA ), New Zealand’s own brewing and hospitality company, today reports its half year results for the period ended 30 September 2020.
The Group reported operating earnings of $686,000 for the six months ended 30 September 2020 an improvement from $333,000 in the prior corresponding period. Including the significant non-cash charges of depreciation and amortisation plus interest and restructuring costs, net earnings after tax were a loss of $415,000, compared to a loss of $1,605,000 in the prior corresponding period.
The Group’s underlying total cash inflows from operations of $657,000 compared to outflows of $680,000 in the prior period. Adjusted for the March supplier payments made through April and May as terms were delayed in light of the COVID-19 outbreak and lockdown, total reported cash outflows from operations were $143,000.
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