By Tejaswi Marthi
(Reuters) -Treasury Wine Estates said on Wednesday its operating earnings outside mainland China jumped 28%, underpinned by growth in its luxury and premium brands, sending shares of the world's largest standalone winemaker nearly 12% higher.
Treasury has had to re-direct supply to the United States, Europe and domestically after a diplomatic row between Canberra and Beijing effectively closed the lucrative Chinese market to Australian wine.
The company said it recorded stro...
>>> Read more: Treasury Wine shares surge as ex-China growth begins to pay off
(Reuters) -Treasury Wine Estates said on Wednesday its operating earnings outside mainland China jumped 28%, underpinned by growth in its luxury and premium brands, sending shares of the world's largest standalone winemaker nearly 12% higher.
Treasury has had to re-direct supply to the United States, Europe and domestically after a diplomatic row between Canberra and Beijing effectively closed the lucrative Chinese market to Australian wine.
The company said it recorded stro...
>>> Read more: Treasury Wine shares surge as ex-China growth begins to pay off
