Pushing ahead
Foster’s Brewing Group has produced a 27.3% rise in net operating profit to A$243.3 million (US$148m) for the half year ended December 1999. Beer earnings were up 15%, wine up 34% and the contribution from leisure and hospitality rising 61%. Good gains in Europe and continued double-digit growth in the US saw the Foster‘s International business increase its profit by 54% to A$8 million.
In Asia, the brewing businesses reduced losses from A$15.1 million to A$6.6 million following the restructure of its China business, reduced losses in Vietnam and early success in India, a company statement says. On 18 February, Foster’s market capitalisation of A$7.32 billion rated the beverage to leisure group as Australia’s 20th largest company. Coca-Cola Amatil was rated 40th, Lion Nathan 73rd..
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