	allied lyons sees substantial second half growth allied lyons plc will report substantial growth in the second half of fiscal ended march chairman derrick holden brown said in answer to reporters queries you will certainly see substantial growth in allied lyons in the second half holden brown said following a presentation to toronto securities analysts holden brown declined to say whether second half growth in profit before taxes would exceed the pct rise reported in the first half allied lyons had first half profit of mln stg up from mln stg in the prior year allied lyons will also have a full year extraordinary cost of slightly more than seven mln stg for defence costs associated with elders ixl ltd s failed take over bid for the company holden brown also said but that cost will be more than offset by an extraordinary gain of about mln stg on allied lyons sale of its pct interest in australian brewers castlemaine toohey he said so with australians you win some and you lose some but hopefully you win them all in the end holden brown said asked if he thought allied lyons is vulnerable to other take over attempts holden brown replied no i don t we must never be complacent and we must always be very watchful but i think we would be very expensive he said holden brown said allied lyons share price to corporate ings ratio is now comparable with other leading companies in the food and beverage industry that was not the case two years ago if the australians had come a little bit earlier they might have had more luck i think holden brown said holden brown said allied lyons move to acquire hiram walker gooderham and worts ltd in march during elders take over bid for the company was pct a growth action we knew when we did it that it could be misconstrued and that people almost inevitably would say the acquisition was defensive but it never was holden brown told reporters asked by securities analysts if allied lyons plans a share issue in canada after acquiring a pct interest in hiram walker holden brown responded plan might be too strong a word but i must say i do feel the need for allied lyons to be better known in canada reuter 
