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Lion Nathan announces solid first quarter trading performance

Lion Nathan has announced its trading update for the quarter ended 31 December 2009, in conjunction with Kirin Holdings 2010 financial year first quarter announcement.

According to the company, Lion Nathan Australia (LNA) has had a strong start to the year underpinned by a solid performance by its combined alcohol business across Australia and New Zealand. The combined business delivered revenue of $687.4 million, growth of 6.6 per cent on the prior corresponding period.

“The investment LNA had made in its brands, breweries and people have created a strong and agile business,” Rob Murray, Lion Nathan National Foods CEO, said.

In Australia, XXXX Gold continued its growth followed by Hahn Super Dry. The Boags portfolio also contributed to the company’s growth. Meanwhile, in the New Zealand market continued to be challenged by difficult economic conditions.

 

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