Penfolds maker Treasury Wine Estates has suffered a hefty fall in profit and trimmed its first-half dividend amid declining sales in the US, dragged down by the 19 Crimes brand.
The company on Thursday reported profit declined 11.4 per cent to $166.7 million in the first half of the 2024 financial year. It declared an interim dividend of 17¢ a share, down from 18¢ a year ago.
Source Agencies
