TWE treasury wine estates limited
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News: TWE Australia's Treasury Wine posts 1% drop in HY profit

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    12/02/20
    17:55
    Post #: 42893860

    Feb 13 (Reuters) - Australia's Treasury Wine Estates Ltd (TWE) , the world's largest standalone winemaker, on Thursday reported an almost 1% fall in first half net profit, pressured by tougher competition in the U.S. market.

    The owner of the luxury Penfolds and Wolf Blass labels reported net profit of A$211.4 million ($142.17 million) for the six months to Dec. 31, compared with A$213.4 million the year-ago period.

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