TWE treasury wine estates limited

News: TWE Treasury Wine Estates updates on HY guidance

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    Jan 21 (Reuters) - Treasury Wine Estates Ltd (TWE) :

    • Earnings before interest, tax and sgara (ebits) for six months ended 31 December 2015 will be in the range of A$140 - A$150 million
    • Says advises that the integration of the recently acquired diageo wine business is progressing well
    • Says company expects the second half of fiscal 2016 will be a re-set period for the diageo wine business
    • Expects ebits for 12 months ending 30 June 2016 to be towards the upper end of its guidance range of A$270 - A$290 million
 
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