Australia's Treasury Wine sees slower 2013; focus on top brands
Australia's Treasury Wine sees slower 2013; focus on top brands
Aug 16, 2012 6
(Reuters) - Australia's Treasury Wine Estates, the world's second-largest wine firm, posted full-year profit above analysts' forecasts, but cautioned growth will slow in 2013 as it builds inventory of premium wines for future years.
Shares of Treasury Wine jumped 5 percent to a three-month high after the announcement, their biggest rise in 13 months.
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