Business
Treasury Wine boosts earnings forecasts as China damage wanes – Sydney Morning Herald
Penfolds producer Treasury Wine Estates appears to be recovering well from its Chinese tariffs hangover.
Penfolds producer Treasury Wine Estates appears to be recovering well from its Chinese tariffs hangover, releasing a bullish earnings update and a new five-year growth plan on Thursday.
The company told investors its 2021 earnings before interest, tax, depreciation, amortisation and industry accounting standard SGARA would be in the range of $495 million to $515 million, above market expectations.
Treasury Wines has released a bullish earnings update.Credit:Tamara Dean
This would reflect growth…
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