News: TWE Treasury Wine Estates Posts H1 NPAT Of $229.2 Mln

Jan 28 (Reuters) - Treasury Wine Estates Ltd (TWE) :

• DETERMINED TO PAY AN INTERIM DIVIDEND OF 20 CENTS PER SHARE
• FULL YEAR FORECAST OUR GROWTH RATE IN F20 WILL BE LOWER THAN PREVIOUSLY GUIDED
• GROWTH RATE IN F20 WILL BE LOWER THAN PREVIOUSLY GUIDED
• TREASURY WINE ESTATES LTD DECLARES INTERIM DIVIDEND OF 20 CENTS PER SHARE, FULLY FRANKED
• TWE EXPECTS F21 REPORTED EBITS GROWTH OF ABOUT 10% TO 15%
• LOWER GROWTH RATE IN F20 DRIVEN MAINLY BY UNDERPERFORMANCE IN OUR US RESULTS IN H1 & EXPECTED TO CONTINUE THROUGH H2
• H1 NPAT UP 5% TO $229.2M
• TWE EXPECTS REPORTED EBITS GROWTH OF ABOUT 5% TO 10% IN F20
• RECENT FIRES HAVE HAD NO DIRECT IMPACT ON CO, BUT IMPACT FROM A POTENTIAL SMOKE TAINT PERSPECTIVE IS NOT YET KNOWN
• RECENT DROUGHT, HEAT & FIRES IN AUSTRALIA HAVE CREATED SOME LIKELY CHALLENGES WITH RESPECT TO COST OF 2020 AUSTRALIAN VINTAGE
• HY TOTAL SALES REVENUE $1,536.1 MILLION VERSUS $1,507.7 MILLION
• H1 VOLUME DECLINED 5.6%
• IN FY20, MAINTENANCE & REPLACEMENT CAPEX EXPECTED TO BE IN LINE WITH GUIDANCE, IN THE RANGE OF $100M TO $110M
• STRATEGIC REVIEW OF CO'S INTERNAL OPERATING MODEL IS UNDERWAY, EXPECTED TO BE COMPLETED IN 2H20