Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014.
REUTERS/David Gray/File PhotoAug 15 (Reuters) - Australia's Treasury Wine Estates (TWE.AX) reported a 3.3% fall in annual profit on Tuesday, mainly hurt by a decline in wine sales in the United States.
A decline in shipment of premium products and low availability of luxury wines pressured sales at the Treasury America segment, the largest contributor to the winemaker's revenue.
The company reported a net profit after tax of A$254.5 million for the year ended June 30, compared with A$263.2 million a year earlier.
Reporting by Nausheen Thusoo and John Biju in Bengaluru; Editing by Shinjini Ganguli and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons:
David Gray, John Mullen, Paul Rayner, Nausheen Thusoo, John Biju, Shinjini Ganguli, Shounak
Organizations:
Treasury Wine Estates, REUTERS, Wine Estates, Treasury America, Thomson
Locations:
Grange, Sydney, Australia, United States, Melbourne, Bengaluru