Australasian beer and wine group, Lion Nathan, has reported half-year net profit of A$100.1m ($55m), up 12% on last year, slightly ahead of analysts' forecasts which had been for an interim profit in the region of A$98m.
Lion Nathan’s CEO, Gordon Cairns, said that the group was on target for profit growth of around 13.5% for the full year. “We’re very comfortable with a A$159-A$160m guidance for the year, and we’re very comfortable within that the China losses will be reduced substantially,” Cairns said.
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