Moa Group Limited (NZX : MOA) today releases its audited results for FY17.
o Revenue Growth of 26%
o Gross Margin Growth of 27%
o EBITDA gain of 28%
Revenue increased 26% to $10.25 m. This is consistent with guidance
previously given in September 2016 of between $9.5 m and $11 m.
"Moa''s growth, improving gross margins and ability to control costs, gives us
confidence that during FY18 Moa will reach a point where it will pass through
into profitability on a monthly basis" - CEO Geoff Ross stated. "The market
didn''t enjoy a great summer and there was a heavy period of promotional
activity, despite this we gained confidence by seeing the Moa brand track
well. Moa continues to make gains here and also in our export markets."
End CA:00301911 For:MOA Type:FLLYR Time:2017-05-30 10:31:45