The statement, which CEO Steven Millar made in an open briefing to the Australian Stock Exchange, follows Millar’s statement last week when he suggested that the “at least” part of the original forecast might be harder to achieve. The market’s reaction to this qualification of the stated profit forecast resulted in a 3% slide in the company’s share price.
AUSTRALIA: BRL Hardy reaffirms year-end guidance
The Australian wine group, BRL Hardy, has reaffirmed its earlier guidance for the current fiscal year, saying that net profit for the year to December is expected to rise by "at least 15%".