Moa Group Ltd has released its audited financial results for the year ended on 31 March 2016, showing positive performance across all key commercial metrics, growing volume, revenue and gross margin.
Revenue increased 35 percent to $8.15 million, and cash at year end was $1.5 million. Export sales are also performing in Australia, China, Singapore and Korea.
New Nielsen scantrack data revealed that the brewer is leading the craft category, enjoying the fastest annual growth as a brand with 11 percent market share in supermarkets. New product development is underway, with a Moa’s Session Pale Ale in cans, Special Reserve brews and Sours.
“The beer landscape continues to change at a dramatic pace,” said Geoff Ross, CEO of Moa. “The rise of craft beer means we are part of a very exciting category. New Zealand is building fine brands and brews in this space. We only expect craft thirst to accelerate, as people move to quality over quantity in beer selection. We are looking forward to another big year of growth, and have the right team in place to achieve it.”