Treasury Wine Estates: nothing to whine about

Wilson Asset Management

Wilson Asset Management

Treasury Wine Estates (ASX: TWE) announced yesterday that its half year earnings have exceeded expectations, with pre-tax earnings in the six months to December expected to be between $140 million and $150 million, above market expectations of $120 million. TWE CEO Michael Clarke said the company’s Asia business performance was particularly pleasing as it had benefitted from increased shipments to the region ahead of Chinese New Year in February. Full financial year earnings are now expected to be at the upper end of TWE’s forecast range of $270 million to $290 million. TWE shares closed up 19.7% this week. We own TWE in the investment portfolio.

1 stock mentioned

Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.