AUSTRALIA: Beringer drives Foster's figures

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Foster's Group, owners of the eponymous beer brand and the Beringer Blass wine operation, today exceeded market expectations by reporting an interim net profit of A$322.2m (US$164m). The results were driven by a strong performance by the company's wine business. The profits for the half year ending 31 December were ahead of market forecasts, which had the company delivering between A$300 million to A$310 million range of forecasts set out by most analysts.

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