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Australia's Treasury Wine swings to profit in FY15

Published 19/08/2015, 08:44 am
© Reuters.  Australia's Treasury Wine swings to profit in FY15

SYDNEY, Aug 19 (Reuters) - Treasury Wine Estates TWE.AX , the world's biggest standalone wine company, swung to a profit in the 12 months to June 30 as a focus on marketing its more expensive labels led to a 9.6 percent rise in revenue.

Net profit for the maker of the Penfolds and Beringer brands came in at A$77.6 million ($56.91 million) for the year, the company reported on Wednesday, compared with the A$100.9 million loss it posted in the previous year.

Treasury announced a final dividend of 8 cents a share compared with 7 cents a year ago. ($1 = 1.3635 Australian dollars)

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