TWE treasury wine estates limited

News: TWE PREWRITE-Australia's Treasury Wine posts 43% drop in half-year profit on China tariff hit

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    Feb 16 (Reuters) - Treasury Wine Estates (TWE) said on Wednesday half-yearly profit fell 43% as heavy Chinese tariffs on Australian wine imports hurt sales of the winemaker's high-end labels.

    The world's largest listed winemaker said net profit attributable in the half year ended Dec. 31 plunged to A$120.9 million ($93.79 million), from A$211.4 million last year.

    ($1 = 1.2890 Australian dollars)

 
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