RESEND: Lion NZ full-year net profit falls 20% as drinkers seek quality over quantity

Sun, 15 Mar 2015

(Fixes headline to show drop in net profit) By Pam Graham March 16 (BusinessDesk) - Lion - Beer, Spirits & Wine (NZ) Ltd , which has 46 percent of the New Zealand market and is owned by Japan's Kirin Holdings, is making less money in the domestic market as alcohol drinkers opt for quality over quantity. Accounts for Lion filed to the Companies Office add to the picture of a declining booze industry, partly offset by a move to "premiumisation" and a push into new, healthy non-alcoholic drinks that was highlighted when Kirin reported re...

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