“Our profits were actually up about 12.5% at the half year, after tax, and we’re very comfortable with an outlook for the full year that delivers market consensus at about $161m,” said Lion Nathan CEO, Gordon Cairns. “That would shore our profits up another 12.5% year-on-year. That would give us over five years, a compound annual growth in our after-tax profits of about 10%.”
AUSTRALIA: Lion Nathan on track to meet forecast
Australian beer and wine group, Lion Nathan, has said it is on target to register a net profit for 2001/02 of around A$160m which would be in line with market forecasts.