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Foster's profit rises

Foster's profit rises

Australian brewer and winemaker Foster's Group Ltd. reported Tuesday that its net profit rose 4 percent in the last fiscal year to 741.5 million Australian dollars (US$619.2 million). The Melbourne-based company said in a statement that the market for its struggling wine business would also be tough in 2010, but that the Australian beer market was robust.
Fosters booked a 4 percent increase in net profit ending June 30, 2009, from A$715 million the previous year. This does not include one-off costs of restructuring and redundancies or writedowns of vineyards, brands and inventory of A$397.6 million


Updated : 2021-05-12 14:32 GMT+08:00