AUSTRALIA: Analysts cautious approval to BRL's JV with Constellation
Australian financial analysts have given cautious approval to BRL Hardy's new joint venture with the American liquor group Constellation Brands forecasting profits of A$71-72m (US$37.1m - US$37.6m) for calendar 2001. Brokers ABN Amro said the deal was mildly positive and more comfortable than the earlier projected acquisition of the California based Kendall-Jackson. It forecast a net profit of A$72m rising to A$88m in 2002.
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