Booming China sales have corks popping at Treasury Wine

Booming China sales have corks popping at Treasury Wine

Booming sales to China have pushed Treasury Wine Estates to a 72 per cent rise in earnings to $146.8 million for the first half of 2015-16, towards the upper end of its new profit forecast range of $140 million to $150 million outlined in late January. Treasury, the maker of Penfolds and Wolf Blass, lifted its interim dividend to 8¢ from 6¢ previously, and has revamped its management in the United States with Bob Spooner, the current chief supply chain officer across the group, to take over running the Americas region for Treasury, replacing Sandra LaDrew.

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