Treasury Wine Estates Limited
(ASX:TWE) has posted a 42 percent rise in net profit to $60.6 million in its interim results for the six months to December 31, compared with the previous corresponding period.
Chief Executive Officer Michael Clarke said the interim 2016 result demonstrated a continuation of the momentum delivered in FY15.
Mr Clarke said the Americas division reported a 67 percent lift in earnings, alongside double digit growth in Luxury and Masstige volume amid favourable foreign currency movements.
The company’s Australia and New Zealand division posted 6 percent earnings growth, in what was described as a flat overall wine market in Australia.
Treasury Wine will pay an interim dividend of 8 cents per share, unfranked.
