“In spite of competitive market conditions, the first quarter trading gives BRL Hardy no reason to change its 2002 expectations, which are for net profit more than 15% above last year,” said managing director Stephen Millar.
AUSTRALIA: BRL Hardy still bullish about 2002
Wine group, BRL Hardy, said it still expects profit growth of at least 15% for the 2002 calendar year in spite of the highly competitive market conditions, which would result in a profit for 2002 of at least A$82m.