TWE 0.75% $12.06 treasury wine estates limited

News: TWE Treasury Wine Estates half-year profit falls almost 13%

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    Feb 15 (Reuters) - Treasury Wine Estates (TWE) on Thursday posted a 12.9% drop in first-half profit, hurt by declining sales in the United States, while weak demand for the wine-maker's luxury and premium brands continued to weigh across its key segments.

    The world's largest self-distributing wine company said its profit attributable for six months ended Dec. 31 fell to A$166.7 million ($108.19 million) compared with A$188.2 million a year ago and a Jefferies estimate of A$123 million.

    ($1 = 1.5408 Australian dollars)

 
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