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Brewer Lion Nathan has maintained its earnings guidance for this year, after stronger sales of premium beer help drive its first half profit higher.
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Lion Nathan, Australia's second-largest brewer, said its first-half net profit rose 7%, as the acquisition of a premium brewer helped offset a flat mainstream beer sales.
"After many years of decline the beer market has actually grown over the past couple of years" LION NATHAN has predicted a "significant" earnings increase from late next year, as a pay-off for hundreds of millions of dollars spent upgrading its breweries and increasing marketing of its key brands over ... via The Sydney Morning Herald
"The acquisition is expected to be EPS accretive from FY09, the first full year of ownership." BEER and wine maker Lion Nathan has bought Tasmanian brewer J Boag & Son for $325 million from Philippines-based San Miguel Corporation. via News.com.au