Foster's Group Limited

By Intelligent Investor · 13 Feb 2002

By Intelligent Investor ·
13 Feb 2002

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Frugl Group Limited - FGL

Current price

$0.01 at 16:40 (16 April 2024)

Price at review

$4.78 at (13 February 2002)

All Prices are in AUD ($)

Foster's has been lying low for a while and so has the share price. Not a lot has been going on with it trading just under the $5 mark. But with the release of stronger than expected interim results, the beverage giant is getting noticed again. It probably happened a little sooner than expected but sales from wine now outpace that of beer. Net profit for the first half increased 20% to $322m, earnings per share rose 10% to 15.9 cents and the fully franked dividend has climbed from 7 to 7.5 cents (ex date 25 February). Overall, it's a good result. LONG TERM BUY.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Foster's Group Limited

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Foster's Group Limited

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