Treasury Wine Estates Ltd (TWE:ASX) announced today that based on preliminary, unaudited accounts, Earnings Before Interest, Tax and SGARA (EBITS) for the six months ended 31 December 2015 will be in the range of A$140 - A$150 million; above analyst consensus of circa A$120 million.

TWE Chief Executive Officer, Michael Clarke commented: 'I am delighted to report a strong first half result across all regions. Our Asia business performance is particularly pleasing as we benefited from increased shipments to the region ahead of Chinese New Year in February'.

TWE now expects EBITS for the 12 months ending 30 June 2016 to be towards the upper end of its guidance range of A$270 - A$290 million (pre Diageo Wine integration).

Download the full ASX Announcement (PDF, 84 KB)

Treasury Wine Estates Limited issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 06:14:06 UTC

Original Document: http://www.tweglobal.com/2016/01/21/twe-trading-update-2/