“Improved trading, particularly in off-shore markets in late-May and June, has lifted the company’s performance for the full year,” the company said. “The improved trading is expected to translate to a stronger bottom line performance with the result up approximately 10% on the previous year.” The company’s full-year results are expected to be published on August 26.
AUSTRALIA: Lehmann makes improved profit forecast
Australian wine company, Peter Lehmann Wines Ltd, has said it expects a 10% increase in profit for 2001/02. The forecast is an improvement on Lehmann's earlier prediction. In May, the company said it was anticipating an after-tax profit in line with last year's result of $A6.2m ($3.31m).