Treasury Wine Estates continues record sales across Asia

Company News

by Rachael Jones

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.  

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.