Treasury Wine Estates sees 17% rise in net profit

Company News

by Rachael Jones

Treasury Wine Estates (ASX:TWE) saw a 17 per cent jump in net profit and a bigger dividend, as they delivered a strong December half year result.

NPAT is up to $219.2 million in the six months to December.

EBITS were $338.3 million, up 19 per cent, with growth delivered across all regions.

Net Sales Revenue increased 16.4 per cent on a reported currency basis.

Directors of the company declared an interim dividend of 18.0 cents a share,

The owner of the famous Penfolds label lifted its interim dividend by 20 per cent to 18 cents a share, up from 15 cents a year ago.

The fully franked dividend will be paid on April 5.

Shares in Treasury Wine Estates (ASX:TWE) are trading 1.31 per cent lower to $16.58.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.