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By Nausheen Thusoo
(Reuters) - Australia's Treasury Wine Estates said on Tuesday it was well positioned to deliver growth in fiscal 2024 after the winemaker reported a 3.3% fall in annual profit, mainly hurt by lower sales in the United States.
The Melbourne-headquartered company expects demand for luxury wine to grow globally this year, led by its Penfolds label, and with potential upside from improving relations between Australia and China.
However, luxury wine sales growth is expected to b...
>>> Read more: Treasury Wine sees improved outlook for luxury wine as profit falls
(Reuters) - Australia's Treasury Wine Estates said on Tuesday it was well positioned to deliver growth in fiscal 2024 after the winemaker reported a 3.3% fall in annual profit, mainly hurt by lower sales in the United States.
The Melbourne-headquartered company expects demand for luxury wine to grow globally this year, led by its Penfolds label, and with potential upside from improving relations between Australia and China.
However, luxury wine sales growth is expected to b...
>>> Read more: Treasury Wine sees improved outlook for luxury wine as profit falls
