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TWE's net profit up 32.5 per cent in fiscal first half

Summary by Inside FMCG

Treasury Wine Estates (TWE) booked higher net profit in the fiscal first half, thanks to stronger sales of its Penfolds brand and improved performance of its Treasury Americas business. The company’s net profit surged 32.5 per cent to $220.9 million as net sales revenue rose 20.2 per cent to $1.54 billion. Penfolds’ net sales revenue swelled 24.4 per cent to $557.4 million, while Treasury Americas soared 41 per cent to $631.1 million. Treasury P…

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Daou Acquisition Boosts Treasury Wine In Fiscal First Half - Shanken News Daily

Treasury Wine Estates’ acquisition of Paso Robles-based Daou helped lift the company’s sales in its fiscal first half through December. Daou is now Treasury’s leading luxury brand in the U.S. and third-largest overall in volume terms, up 4.5% to 725,000 … Continue reading → The post Daou Acquisition Boosts Treasury Wine In Fiscal First Half appeared first on Shanken News Daily.

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