Lion Nathan NZ profit rises 4pc

Brewer Lion Nathan posted a 4 per cent rise in half-year New Zealand operating earnings boosted by strong sales and the launch of Steinlager Pure.

Lion said New Zealand beer volume grew 3.1 percent against a forecast for market growth of 1.5 percent. This was driven by 7.2 percent growth in premium brand beers Steinlager Pure, Corona and Mac’s.

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