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Australia's Treasury Wine warns weak China demand to hit profits
January 29, 2014 / 10:47 PM / in 4 years

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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