Australia's Treasury Wine warns weak China demand to hit profits
SYDNEY Jan 30 (Reuters) - Australia's Treasury Wine Estates Ltd, the maker of Penfolds and Beringer wines, downgraded its full year earnings guidance by almost a fifth on Thursday on weak demand in China and stiff competition in its home market.
The world's second largest wine maker said it expected operating earnings of between A$190 million to A$210 million
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