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Maroc Maroc - AUMANUFACTURING.COM.AU - A La Une - 20/Jun 16:13

Treasury Wine forecasts margin rise as China market reopens

The maker of Penfolds wine Treasury Wine Estates has issued new, higher earnings estimates for the company following its resumption of sales to China in March and a price hike timed for 1 July. The company expects Penfolds’ earnings margin to be approximately 42 percent with the resumption of China sales, reflecting the reestablishment of… The post Treasury Wine forecasts margin rise as China market reopens appeared first on Australian Manufacturing Forum.

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