DB toasts 20pc profit growth

DB's operating profit in the 12 months to September was S$55.3 million ($47 million), up 20 per cent on the previous year. Revenue was S$414.2 million, up 8 per cent.

Lion Nathan's New Zealand operating profit declined 17.2 per cent to $75.7 million for the 2005 year, the Sydney-based brewer said last week.

DB has 38 per cent of the country's total beer market. Lion Nathan has 51 per cent. Blake said the deep level of discounting instigated by Lion Nathan was unsustainable.

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