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22/01/2016

Treasury Wine Estates upgrades profit forecasts

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.

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