Aug 13 (Reuters) - Australia's Treasury Wine Estates (TWE) on Thursday reported a 36% drop in its annual profit, as coronavirus-related restrictions on travel and social gatherings slammed demand for its high-margin luxury wines.
The world's largest standalone winemaker said profit attributable to shareholders for the year ended June 30 declined to A$260.8 million ($186.73 million), from A$408.5 million a year earlier.
It declared a final dividend of 8 Australian cents per share, lower than the 20 Australian cents per share declared last year.
($1 = 1.3966 Australian dollars)
News: TWE Australia's Treasury Wine annual profit slumps as virus hits demand
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