BUZZ-Australia's Treasury Wine Estates extends decline on dividend pause, interim loss
Reuters
7 hours ago
BUZZ-Australia's <a href="https://laohu8.com/S/TSRYF">Treasury Wine Estates</a> extends decline on dividend pause, interim loss
** Shares of Australia's Treasury Wine EstatesTWE.AX extend losses to fall 4.2% to A$4.76, their lowest level since December 18
** TWE among top losers in the ASX 200 benchmark .AXJO
** Stock down 5.2% in the previous session after the Australian winemaker paused dividend and swung to A$649.4 million ($459.26 million) statutory loss for half-year period
** Treasury Wines had logged A$770.5 million impairment on its U.S. assets, somewhat higher than previously flagged
** Stock down ~9%, YTD
($1 = 1.4140 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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