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By Poonam Behura and Peter Hobson
(Reuters) -Shares of Treasury Wine Estates shot to a three-month high on Thursday after the company, one of the world's biggest wine makers, said core profit met expectations and it was ready to resume shipping Australian wine into China.
China accounted for one-third of Treasury's profit before Beijing imposed tariffs on Australian wine in 2020, effectively ending shipments.
However, relations between Canberra and Beijing have improved and the Australian gov...
>>> Read more: Treasury Wine says it is ready to ship Australian bottles to China
(Reuters) -Shares of Treasury Wine Estates shot to a three-month high on Thursday after the company, one of the world's biggest wine makers, said core profit met expectations and it was ready to resume shipping Australian wine into China.
China accounted for one-third of Treasury's profit before Beijing imposed tariffs on Australian wine in 2020, effectively ending shipments.
However, relations between Canberra and Beijing have improved and the Australian gov...
>>> Read more: Treasury Wine says it is ready to ship Australian bottles to China
