News: TWE UPDATE 1-Treasury Wine Estates' annual profit rises 8% on robust luxury wine demand

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Aug 15 (Reuters) - Australia's biggest wine producer Treasury Wine Estates (TWE) reported an 8% rise in its annual underlying profit on Thursday, helped by strong demand for its luxury and premium wines.

Operating earnings for the winemaker's higher-priced Penfolds segment rose around 16% to A$421.3 million for the year, thanks to robust demand throughout Asia.

The company's underlying net profit after tax was at A$407.5 million ($268.62 million) for the year ended June 30, compared with A$376.1 million a year earlier and the Visible Alpha consensus estimate of A$408.9 million.

It declared a final dividend of 19 Australian cents per share, compared with 17 cents apiece last year.

($1 = 1.5170 Australian dollars)