Today, Lion Nathan released its full Statutory Interim Results for the six months ended 31 March 2009, confirming results previously announced on 24 April 2009. The Company recorded a Net Profit After Tax (NPAT) of $176 million, a 6.9% increase on the prior calendar period.
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The Directors of Lion Nathan Limited present their report of the consolidated entity, being Lion Nathan Limited and its controlled entities, for the half-year ended 31 March 2009.
The Board of Lion Nathan has authorised the release of the attached preliminary trading results (subject to audit review) for the six months ended 31 March 2009. Lion Nathan’s solid first half beer results have enabled a positive revision to the FY09 Reported NPAT guidance to $305-315 million (previously $300 – $315 million), which represents 12% – 16% growth on prior year.
During the 2008 financial year, we again achieved robust revenue and earnings growth and strong cash flows while investing in our core assets – our people, brands and breweries so as to achieve higher sustainable earnings growth.
Why Lion Nathan is an attractive investment:
- Robust earnings and strong cashflow
- Focused and disciplined strategy
- Positioned for growth
- Disciplined capital management and acquisition criteria
- Doing the right thing for the long term
- Great people, great brands
Lion Nathan today announced its trading update for the quarter ended 31 December 2008. A good start to the year …
2008 was testament to the level of success we can achieve when we invest in our core strategies, keep abreast of consumer trends and work together to achieve results.
2008 was a busy and successful year for Lion Nathan. We encourage you to read all about what the business has been up to in our new publications – the Annual Review and the Sustainability Report.