Beer

Craft beer hits Lion’s bottom line

Drinks giant Lion, New Zealand’s largest brewer, has posted a 21 per cent decline in full-year earnings as the industry adjusts to a rise in craft beers and people choosing to drink less. Pretax earnings fell to $55.6 million in the 12 months to September 30, from $71.2m, according to Lion’s financial statements.



Craft beer hits Lion’s bottom line