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Treasury Wine Estates upgrades profit forecasts
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Treasury Wine Estates, the owner of brands including Penfolds, Wolf Blass and Rosemount, has upgraded its profit forecasts after strong sales, with the China business a standout as demand continues to rise for the flagship Penfolds brand. Treasury chief executive Mike Clarke said on Thursday after the sharemarket closed that there had been a strong first-half result across all of the main regions, which include Asia, Australia and the United States.