By Chris Hutching
Friday 16th May 2003
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Net profit after tax was up 10.2% to $A110.3 million while cashflow was up 26% to $73.6 million
The Australian brewing business was generally flat but delivered earnings before interest and tax of $A184.7 million, up 3.5% in a competitive market.
Earnings from the New Zealand brewing business were ahead 7.4% to $NZ56.9 million.
Lion enjoyed strong volume growth in its Chinese beer operations (branded volumes up 26%) but the business has yet to break even, which Lion is forecasting for the second half of the current year.
Sales for its wine business were up 12% to 396,200 cases.
A dividend of 13c a share has been struck up 63% on the same period last year.
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