TWE treasury wine estates limited

News: TWE Treasury Wine Estates posts FY net profit of $179.4 mln

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    Aug 18 (Reuters) - Treasury Wine Estates Ltd (TWE) :

    • Appendix 4e and 2016 annual results (TWE)
    • FY profit attributable to members $179.4 million versus profit of $77.6 million
    • Final dividend 12 cents per share
    • FY revenue from ordinary activities $2.34 billion versus $1.97 billion
    • Expects to deliver a high-teens ebits margin by f18"
    • Expects total COGS savings from its supply chain optimisation initiative to reach run-rate of at least $100M by f20"
 
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