Treasury Wine Estates
(ASX:TWE) is pleased with its operating performance across all regions for the nine months to March 2019, and confirms continued positive momentum in Asia with record sales including strong trading performance across the Chinese New Year festive period.
Guidance for reported EBITS growth of approximately 25 per cent for F19 as already reported.
Treasury Wine Estates did note though that in China specifically, following the establishment of the Company’s Shanghai warehouse in the first half of fiscal 2018, selected trade export and import data points do not have a direct relationship to TWE’s sales performance.
Shares in Treasury Wine Estates
(ASX:TWE) closed 0.53 per cent higher at $17.20 yesterday.
