Australia's Treasury Wine Estates, the world's biggest listed standalone wine firm, said it swung back to a profit in the first half as ramped-up marketing for its best-known labels drove sales higher and it cut costs.
Net profit for the maker of the Penfolds and Beringer brands came in at A$42.6m ($33.21m) for the six months to December 31, down from A$106.2 million in the previous first half but a turnaround from the A$100.9 million loss it posted for the full 2014 financial year. Half-yearly sales rose 9% to A$882.7m, and…
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