Treasury Wine Estates toasts solid first half profit

Australia’s Treasury Wine Estates, the world’s second-largest wine firm, posted first half net-profit in line with analysts’ forecasts, with a slump in U.S. earnings offset by solid gains in Australian sales. Net profit before one-offs was A$58.6 million ($63 million), a touch below market forecasts of A$59.8 million according to a Reuters survey of five analysts, reports the Sydney Morning Herald.