News: TWE Treasury Wine Estates HY Net Profit Attributable A$109.1 Mln

Feb 16 (Reuters) - Treasury Wine Estates Ltd (TWE) :

• HY REV FROM ORDINARY ACTIVITIES A$1,299.3 MLN VS A$1,424.2 MLN
• DECLARES INTERIM DIVIDEND 15 AU CENTS PER SHARE
• HY NET PROFIT ATTRIBUTABLE A$109.1 MLN VS A$118 MLN
• SUBSTANTIALLY COMPLETED CHANGES IN TREASURY AMERICAS BRAND PORTFOLIO AND ASSET BASE IN 1H22
• SEES SUPPLY CHAIN AND LOGISTICS COSTS ARE EXPECTED TO REMAIN ELEVATED IN 2H22
• EXPECTS TRADING CONDITIONS FOR REMAINDER OF F22 BROADLY CONSISTENT WITH THOSE IN 1H22 ACROSS KEY GLOBAL MARKETS AND CHANNELS
• OBJECTIVE REMAINS TO DELIVER SUSTAINABLE TOP-LINE GROWTH AND HIGH-SINGLE DIGIT AVERAGE EARNINGS GROWTH OVER LONG-TERM
• PRICE INCREASES TO BE IMPLEMENTED ACROSS SELECT PORTFOLIO BRANDS TO PARTLY MITIGATE IMPACTS OF SUPPLY CHAIN COSTS
• F22 CAPEX IS NOW EXPECTED TO BE UP TO A$120M