Australia's Treasury Wine toasts 2022 with bets outside China

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:Treasury Wine Estates on Thursday struck an upbeat tone for its prospects in fiscal 2022 outside mainland China, after the world's biggest listed winemaker posted higher annual profit and raised its dividend.The Australian firm's shares, however, dropped as much as 4per cent in a weaker broader market as its

:Treasury Wine Estates on Thursday struck an upbeat tone for its prospects in fiscal 2022 outside mainland China, after the world's biggest listed winemaker posted higher annual profit and raised its dividend.

The company"is positive on outlook across its key markets outside mainland China" for fiscal 2022, it said, as it aims for high-single digit average earnings growth over the long-term. Earnings before interest, tax, SGARA and material items was AUS$510.3 million for the year to June 30, within its earlier forecast range of AUS$495 million to AUS$515 million and roughly flat from last year.

 

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