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TWE Treasury Wine Estates News Story

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Australia's Treasury Wine Estates posts 15.5% rise in annual profit

Aug 13 (Reuters) - Australia's Treasury Wine Estates TWE.AX reported a 15.5% rise in its annual underlying profit on Wednesday, reflecting strong performance in its luxury portfolio, particularly Penfolds.

The country's biggest wine producer reported underlying net profit after tax of A$470.6 million ($307.21 million) for the year ended June 30, compared with A$407.5 million a year earlier.

That missed the Visible Alpha estimate of A$472.1 million.

($1 = 1.5319 Australian dollars)

 (Reporting by Sneha Kumar and Adwitiya Srivastava in Bengaluru; Editing by Shreya Biswas)

 ((Sneha.Kumar@thomsonreuters.com;))

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