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AUSTRALIA: Lion posts 10% rise in H1 net profit

The Australian beer and wine group, Lion Nathan, posted net profit for the first half of the fiscal year of A$110.3m, up 10% on the first half last year. But while the group reaffirmed its forecast for the full year, it said this would depend on how the SARS epidemic affects Chinese beer sales.

May 15, 2003

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