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Australian winemaker posts $94m annual loss

Published by Punch on Fri, 22 Aug 2014


Australian winemaker Treasury Wine Estates has reported its first annual loss due to slower sales in China and oversupply in the US market. TWE posted a net loss of 101m Australian dollars ($94m; 57m) for the year ended June, compared to a net profit of A$47m the previous year, according to the British Broadcasting Corporation...[Read More...]
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