DB swallows Lion's shrinking profits

Lion Breweries' big summer earnings loss went down the throats of the opposition, judging by a sharp rise in DB Breweries half-year sales and profit.

The Heineken, Tui and Monteith's brands flagship, which delisted from the NZX last year after a full takeover by Singapore's Asia Pacific Breweries, notched up a 7 per cent increase in sales and a 25 per cent increase in pre-tax profit in the six months to March 31.

Full Story - NZ Herald