CHINA: Losses continue to fall for Lion Nathan in China
By just-drinks.com editorial team | 4 April 2002
New Zealand-based brewing force, Lion Nathan Ltd, has said it expects to record a loss of A$14.3m from its Chinese activities for the 2001/2002 financial year, continuing a trend of declining losses. Chief executive, Gordon Cairns, restated that group net profit for 2001/2002 would be 13% higher at around A$160m, as profits continued to grow in line with forecasts during the second half of the year to the end of March.
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New Zealand-based brewing force, Lion Nathan Ltd, has said it expects to record a loss of A$14.3m from its Chinese activities for the 2001/2002 financial year, continuing a trend of declining losses. Chief executive, Gordon Cairns, restated that group net profit for 2001/2002 would be 13% higher at around A$160m, as profits continued to grow in line with forecasts during the second half of the year to the end of March.
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