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Treasury Wine Estates Eyes 25% Profit Growth For Current Fiscal Year

January 11, 2019

Ahead of the release of its first-half results on February 14, Treasury Wine Estates says it’s on track for strong double-digit profit gains in its fiscal year ending in June. Offering updated guidance following “continued volatility in response to uncertainty within the U.S. and Asian markets,” Treasury said it’s seeing a good trading performance across all regions, with its first-half EBITS falling in the range of A$335 million to A$340 million ($242m-$245m). The Australia-based wine giant added that it’s expecting approximately 25% EBITS growth for its full fiscal year.—Daniel Marsteller

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