AUSTRALIA: Southcorp on track for earnings of A$285m
The Australian wine giant Southcorp announced today that its total 2002 grape crush had reached 253,000 metric tons, in line with expectations but a drop nonetheless from last year's 290,000 tons. It also said it was on track to record 2001/02 earnings before interest, tax and amortisation (EBITA) of A$285m (US$162m), while EBITA is still expected to rise to A$335 million in the next fiscal year, ending June 30, 2003.
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