Aug 17 (Reuters) - Australian winemaker Treasury Wine Estates (TWE) said on Thursday its annual net profit rose 55 percent but it missed analyst estimates as higher costs and unfavourable foreign exchange rates took a toll.
Net profit for the year to June 30 rose to A$269.1 million ($213.26 million) from A$173.3 million a year ago, the company said, compared with analyst estimates of A$288.1 million according to Thomson Reuters I/B/E/S.
The world's biggest listed stand-alone winemaker also announced an on-market share buyback of A$300 million.
($1 = 1.2618 Australian dollars)
News: Australia's Treasury Wine Estates' profit jumps 55 pct, misses estimates
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