Treasury Wine Estates profit more than doubles to $136.2M

Company News

by David Chau

According to its 1H FY2017 results, Treasury Wine Estates’ (ASX:TWE) net profit after tax (NPAT) more than doubled to $136.2 million.

In the six months ending 31 December 2016, the company’s EBITS rose more than 50% to $226.8 million (compared with the previous corresponding period (PCP)).

Indeed, Treasury Wines says it experienced double digit EBITS growth in all regions for the first half.

As for its earnings per share, it was 18.5 cents per share in the first half (again, more than double the result compared to PCP).

The company declared an interim dividend of 13cps, unfranked.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?