AUSTRALIA: Lion Nathan earnings on target but China still in red
By Chris Brook-Carter | 19 December 2000
Lion Nathan, the Australasian-based brewer, said today that its earnings so far this year were broadly in line with expectations and ahead of last year. However, chief executive Gordon Cairns also said that the company was in talks with six companies in an effort to drag its operations in China into profit. "Earnings are broadly in line with plan and up on a year ago," Cairns said at the annual general meeting today. He said that although the beer market had declined 1.3% in New Zealand this was an improvement on the decline in previous years, while the company's share of the New Zealand and Australian markets was "in good shape".
just-drinks articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
Lion Nathan, the Australasian-based brewer, said today that its earnings so far this year were broadly in line with expectations and ahead of last year. However, chief executive Gordon Cairns also said that the company was in talks with six companies in an effort to drag its operations in China into profit. "Earnings are broadly in line with plan and up on a year ago," Cairns said at the annual general meeting today. He said that although the beer market had declined 1.3% in New Zealand this was an improvement on the decline in previous years, while the company's share of the New Zealand and Australian markets was "in good shape".
- Unlimited access to all the latest global beverage news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-drinks market research
- Plus much more
If you’re already a member, login here
More articles related to this one
AUS: Southcorp share revision plays to Foster’s
A revised assessment by Southcorp's independent expert has valued the company's shares closer to the bid value offered by Foster's Group.
AUSTRALIA: Foster's bid gaining momentum
Australian liquor giant Foster's bid for winemaker Southcorp is gathering momentum.
AUS: Southcorp accepts Foster's offer, CEO dissents
As one takeover story trundles on, another one has just moved up a gear.
