Penfolds lifts Treasury Wine sales as profit drops
Luxury brands sold fewer cases but overall revenue rose.
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Australia's biggest wine company, Treasury Wine Estates (ASX:TWE), says its strategy of focusing on its premium brand Penfold has paid off in the first half of the financial year though net profit fell by more than half.
Half-year revenue increased 8% to $A934 million despite selling 200,000 fewer
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Nevil Gibson for NBR Food Industry Week
Wed, 04 Mar 2015
Wed, 04 Mar 2015
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Penfolds lifts Treasury Wine sales as profit drops
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