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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.