annb0t
Top 20
(Reuters) - Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on Australian wine.
The world's biggest standalone winemaker has been re-directing supply of its prized Penfolds label wines to the United States, Europe and domestically since China imposed an anti-dumping duty on some Australian wines in late 2020.
The company, which also owns Wolf Blass and Wynns brands among others, sa...
>>> Read more: Australia's Treasury Wine posts higher profit on U.S. sales, price hikes
The world's biggest standalone winemaker has been re-directing supply of its prized Penfolds label wines to the United States, Europe and domestically since China imposed an anti-dumping duty on some Australian wines in late 2020.
The company, which also owns Wolf Blass and Wynns brands among others, sa...
>>> Read more: Australia's Treasury Wine posts higher profit on U.S. sales, price hikes
