Aug 16 (Reuters) - Australia's Treasury Wine Estates Ltd TWE.AX , the world's biggest listed winemaker, said on Thursday annual net profit rose 34 percent as surging demand in Asia helped it overcome delays getting product cleared through Chinese customs.
Net profit was A$360.3 million ($260.68 million) for the year to June 30, compared with A$269.1 million the previous year. That beat expectations of A$347.9 million, according to the average forecast of five analysts polled by Thomson Reuters I/B/E/S.
The owner of the Penfolds, Wolf Blass and Lindemans labels said it will pay a final dividend of A$0.17 share, compared with A$0.13 the previous year. ($1 = 1.3822 Australian dollars)