A direct comparison the previous year is problematic as this year will include the first full year of earnings from Rosemount which Southcorp acquired for A$1.5 billion in 2001. Last year’s results only included a six month-contribution from Rosemount. But according to a survey of five analysts by Dow Jones, Southcorp is set to post a net profit before one-time significant items of A$155.9m for the year to the end of June. Profit forecasts ranged from A$153m to A$161m
AUSTRALIA: Profit slide forecast for Southcorp
Analysts are forecasting a 12% fall in full-year net profits at the Australian wine group, Southcorp. The performance of the company's wine operations is said to be the main factor behind the slide.