Strong first half FY18 results for Treasury Wine Estates
Treasury Wine Estates has reported successful first half 2018 financial year results including $187.2 million net profit after tax.
This result was a 37 per cent increase of Treasury Wine Estates’ 2017 first half financial year net profits after tax results.
Treasury Wine Estates is the owner of a number of Australian wine brands including Penfolds, Wolf Blass, Wynns Coonawarra Estate and Yellowglen.
Chief Executive Officer of Treasury Estate Wines, Michael Clarke, said he was pleased to report another strong result with the performance delivered in a sustainable manner.
“’Fixed’ regions, Asia, Europe and ANZ, are outperforming expectations, and we are now taking some exciting steps to really transform our route-to-market in the United States, and further strengthen the long-term outlook for the Americas region.”
Australia and New Zealand reported EBITS growth of 28 per cent to AUD $8.2 million. Asia reported EBITS growth of 48 per cent growth to AUD $117 million whilst, America reported EBITS 8 per cent growth to AUD $100.4 million.
Related articles
- Treasury Wine Estatesto sell US non-core commercial portfolio
- Lion sells its premium Australian wine business
- Penfolds falls victim to “hotbed” of food fraud
