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AUSTRALIA: Lion wine division to contribute one-third of earnings by 2005

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Lion Nathan, the Australian drinks giant, wants to create a wine division large enough to contribute one third of total annual earnings to the Lion business within three years. In a report in today's Sydney Morning Herald, Lion Nathan's investor relations director, Warwick Bryan said: "If you take Montana on its own, that business will deliver EBIT of around A$100m in three years. Over that period we would build a reasonably significant wine business that would complement Montana."


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