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Foster's earnings climb sharply

Authors :
Koons, Cynthia
Source :
Wall Street Journal. Europe. August 26, 2009, A8
Publication Year :
2009

Abstract

Boosted by strong beer sales, Forster's Group Ltd.'s net profit quadrupled to 438.3 million Australian dollars for the year ended June 30. Revenue rose 2.7% to A$4.49 billion. Forster's posted write-downs of A$287.2 million and announced it would restructure its unprofitable wine business after failing to sell it.

Details

Language :
English
ISSN :
09219986
Database :
Gale General OneFile
Journal :
Wall Street Journal. Europe
Publication Type :
News
Accession number :
edsgcl.206677873