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Australia's Treasury Wine posts 33% rise in half-year profit, but misses estimate

Reuters
2025/02/13
Australia's Treasury Wine posts 33% rise in half-year profit, but misses estimate

Feb 13 (Reuters) - Australia's Treasury Wine Estates TWE.AX posted a 32.5% rise in its first-half profit on Thursday, driven by strong growth in its luxury brand Penfolds and higher contribution from DAOU vineyards.

The country's top winemaker said its net profit after tax for six months ended December 31 was A$220.9 million ($138.73 million), compared with A$166.7 million a year ago. The Visible Alpha consensus estimate was A$241.6 million.

($1 = 1.5924 Australian dollars)

(Reporting by Sherin Sunny and John Biju in Bengaluru; Editing by Shilpi Majumdar)

((John.Biju@thomsonreuters.com))

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