The result was slightly ahead of the A$160m figure which Lion Nathan had been forecasting for some time. Analysts had been predicting around A$161.5m. Lion Nathan said the performance was underpinned by stronger growth in the Australian and New Zealand beer sectors.
AUSTRALIA: Net profit up 20% at Lion Nathan
The Australian beer and wine group, Lion Nathan, posted year-end net profit of A$162m ($91m), up some 20% from last year. The company has also forecast double-digit earnings growth for the coming fiscal year.