finance.yahoo.com / Yahoo! Finance
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2025-02-14 10:15:26
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npub1vap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aessgrwc3nSeen on
wss://relay.nostr.bandPublished at
2025-02-14 10:15:26Event JSON
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"Australia's Treasury Wine drops planned sale of cheaper brands, cuts profit guidance"
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"Treasury Wine Estates has reported a 33% jump in net profit excluding one-off items for the first half of the financial year, driven by strong exports to China and the contribution of its recently-bought US winery business DAOU. However, the company's cheap drinks division, which includes budget labels such as Wolf Bass and Lindeman's, has reported weak results and outlook, leading the company to retain the division instead of selling it. The company has also cut its prediction for annual profit due to reduced expectations for the division."
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