AUSTRALIA: Comment - Lion Nathan: up on the wine trail
Lion Nathan has announced annual earnings of $151.8m, due largely to a 14% jump in its beer businesses. While Lion's beer business is doing well at the moment, general beer sales in the Australian-based company's core markets are not growing fast. As a result, Lion is spending heavily on acquisitions in the faster-growing wine market. With such future planning, and favourable market conditions, its positive expectations for next year look attainable.
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