Australian brewer and winemaker Lion Nathan announced today that it expected to report net profits of around A$160m (US$83m) for the year, which is in line with market forecasts. The figure will also be up from the A142m the company recorded for the 2000/2001 year end results. A strong performance in the first half, which saw double digit growth, has offset the competitive export environment and one-off items which its wine unit will absorb.