just the preview – Foster's Group's H1

By | 15 February 2010

Fosters announces its H1 results tomorrow

Foster's announces its H1 results tomorrow

Foster's Group is set to report its half-year results tomorrow (16 February).

Here, just-drinks takes a look at the highs and lows for Foster's in the three months to the end of December.

  • In October last year, Foster's signed a deal to offload 13 of its wine brands in Australia to a joint venture with Vok Beverages. While Vok will handle sales, marketing and general management of the brands, Foster's will continue to produce the wine.
  • In a trading update for the first six months of its fiscal year, Foster's warned in December that it expects to take a hit of between AUD80m (US$71m) and $90m on the half-year earnings from its wine division, due to Oversupply, weak consumer spending and unfavourable currency rates in the period.

For Foster's full-year results to the end of June 2009, click here.

Sectors: Beer & cider, Wine

Companies: Foster’s, United Breweries, Diageo, Grupo Modelo

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