Beer bolsters Lion

The beverage and dairy company Lion posted its first-half results on Thursday, showing strong growth in beer, but souring dairy earnings. Beer, spirits and wine divisions in Australia and New Zealand had earnings before interest and tax of $410.5 million, up 21.7 per cent. The dairy and drinks division delivered EBIT of $44 million.

By InvestSMART · 2 Aug 2013

By InvestSMART ·
2 Aug 2013

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Frequently Asked Questions about this Article…

What did Lion report in its first-half results?

Lion posted its first-half results on Thursday, showing strong growth in beer while reporting souring (weaker) dairy earnings.

How did Lion’s beer, spirits and wine divisions perform in Australia and New Zealand?

Lion’s beer, spirits and wine divisions in Australia and New Zealand delivered earnings before interest and tax (EBIT) of $410.5 million, up 21.7%.

What was the EBIT for Lion’s dairy and drinks division?

The dairy and drinks division delivered EBIT of $44 million in the first half.

What does EBIT mean in Lion’s financial report?

In Lion’s report EBIT stands for earnings before interest and tax, the measure used to report the $410.5 million and $44 million figures for its divisions.

Which parts of Lion’s business showed the strongest performance?

The beer, spirits and wine divisions showed the strongest performance, with those Australia and New Zealand operations posting a 21.7% rise in EBIT.

Did Lion report weakening dairy earnings in the first half?

Yes. The article describes dairy earnings as souring, and the dairy and drinks division produced an EBIT of $44 million, indicating weaker performance compared with the beverage divisions.

Are the reported figures region-specific for Lion’s businesses?

Yes. The $410.5 million EBIT and 21.7% increase refer specifically to Lion’s beer, spirits and wine divisions in Australia and New Zealand; the $44 million EBIT refers to the dairy and drinks division.

What are the headline numbers investors should remember from Lion’s first-half report?

Key takeaways: beer, spirits and wine divisions in Australia and New Zealand posted EBIT of $410.5 million (up 21.7%), while the dairy and drinks division delivered EBIT of $44 million.