Recently formed Beringer Blass is to thank for the unexpectedly high A$322.2m interim net half year profit of its owner, Foster’s Group, an increase of 21% on the same time last year. But, talking down speculation of another Foster’s acquisition, chief executive Ted Kunkel says his company is focused on delivering the highest possible earnings per share. While the wine growth is certainly driving the new profits, beer should still deliver a 3-6% return, according to a company spokesman. Forty percent of Foster’s profit is now derived overseas.
