Previously, the company ‘s CEO, Stephen Millar, had forecast profit growth of at least 15% but now says that the “at least” is a tougher target. “I am comfortable with what we have said,” Millar said. “I am not changing from that, but I think maybe the ‘at least’ is the only thing I would query in my mind.”
AUSTRALIA: BRL Hardy warns of tough conditions
The Australian wine company, BRL Hardy, warned yesterday that it was expecting tough market conditions ahead, and although it said it stood by its 15% profit growth forecast for this year, its share price fell by more than 3%.