MELBOURNE: Australian brewer and winemaker Foster's Group Ltd posted a modest 4.1% rise in first-half profit yesterday, and warned that tougher competition in the wine industry meant it would struggle to meet its full-year targets.
A strong result from its Australian beer division underpinned the result, which was a shade above market expectations, but the rate of growth in the burgeoning wine sector slowed, said the owner of Wolf Blass and Beringer wines.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
