Good health for Lion

Lion’s first-half results, posted on Thursday, showed strong growth in its beer business but weaker dairy earnings. The beer, spirits and wine divisions recorded operating earnings before interest and tax (EBIT) of $410.5 million, while the dairy and drinks division had EBIT of $44 million.

Lion’s beer, spirits and wine divisions delivered robust performance with EBIT of $410.5 million, representing a 21.7% increase in operating earnings before interest and tax compared with the prior period.

The article reports that Lion’s dairy and drinks division produced $44 million in EBIT and that dairy earnings soured, indicating weaker performance in that segment compared with the company’s beverage divisions.

The reported operating earnings for Lion’s beer, spirits and wine divisions came from Australia and New Zealand, where those businesses achieved the $410.5 million EBIT figure.

EBIT stands for earnings before interest and tax; the article uses EBIT to report operating earnings for Lion’s divisions, such as the $410.5 million for beer, spirits and wine and $44 million for dairy and drinks.

Lion posted its first-half results on Thursday, according to the article.

Lion’s beer, spirits and wine divisions saw EBIT increase by 21.7%, reaching $410.5 million in the first half.

Everyday investors should note the contrast in Lion’s first-half results: a strong $410.5 million EBIT (up 21.7%) for beer, spirits and wine in Australia and New Zealand, alongside a $44 million EBIT for the dairy and drinks division and commentary that dairy earnings have soured.