“The results for the first four months of this financial year are ahead of budget,” the company’s chairman, David Clarke, told the annual general meeting. “We have budgeted for a full year net profit of A$37m, pre-goodwill amortisation, for this current year.”
AUSTRALIA: McGuigan Simeon reaffirms profit forecast
The merged wine group, McGuigan Simeon Wines, has reaffirmed its net profit forecast for the 2002/03 fiscal year of A$37m before goodwill amortisation. However, the company warned that earnings would be heavily weighted towards the second half of the year.