Lion toasts NZ’s beer drinkers

Despite worsening economic conditions the domestic beer market grew 0.3 percent for the year to September 30, with Kiwis consuming more than 171 million litres of Lion-produced favourites such as Lion Red, Speight’s and Steinlager.

Beer operations increased earnings before tax and interest by 10.8 percent, buoyed predominantly by recent entrants to the market – among them Steinlager Pure, which increased volume by more than 300 percent for the year.

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