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Australia's Treasury Wine Estates posts 46% fall in interim profit, suspends HY dividend

Reuters
02/16
Australia's <a href="https://laohu8.com/S/TSRYF">Treasury Wine Estates</a> posts 46% fall in interim profit, suspends HY dividend

Feb 16 (Reuters) - Australia's Treasury Wine Estates TWE.AX on Monday reported a 46.3% slump in first-half underlying profit and temporarily suspended the payment of its fiscal 2026 interim dividend as a measure to prioritise preservation of capital.

The country's biggest wine producer reported net profit after tax before material items and SGARA of A$128.5 million ($90.85 million) for the six months ended December 31, down from A$239.6 million a year ago.

That slightly beat the Visible Alpha consensus estimate of A$127.8 million.

($1 = 1.4144 Australian dollars)

(Reporting by Shivangi Lahiri and Sneha Kumar in BengaluruEditing by Matthew Lewis)

((Sneha.Kumar@thomsonreuters.com;))

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