| Lion slashes $213 million off liquor business |
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| Saturday, 04 February 2012 00:00 | |||
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By James Atkinson Lion has blamed the general decline of Australia's beer market for a write-down of $213.2 million in its Australian liquor business. The company yesterday revised the value of goodwill and brands on its balance sheet to reflect difficult trading conditions experienced during the 2011 financial year. "Persistent poor global economic conditions have seen a sustained period of low consumer confidence and increased saving activity in Australia," the company said. More info:
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