NZX-listed brewer & hospitality company Moa Group Ltd closed all its venues on Tuesday, in line with the Government’s Covid-19 requirements.
Executive chair Geoff Ross acknowledged the business support packages the Government had offered, said Moa had additional & reaffirmed bank support, and said this gave it confidence to navigate through the next financial year.
“The beverages business confirms it is an essential service and its trading has been unseasonably strong in the current environment. The impact to our hospitality business in the final weeks of the financial year (ending 31 March) will impact the recent guidance provided to the market. The group is currently assessing the significance of this impact and will update the market as new material information becomes available.”
Moa Beverages brews & distributes Moa-branded craft beers & ciders. Moa Hospitality, trading as Savor Group Ltd, owns & operates restaurants & bars around New Zealand following the acquisition of the Savor Group in April last year and Non Solo Pizza in September.
Attribution: Company release.