Treasury Wine Estates Reports 6.6% Drop In Volume Of Wine Sales

Treasury Wine Estates Ltd TSRYY reported a 6.6% drop in its volume of wine sales for the full year. Treasury Wine Estates' net profit for the period came in at A$64.1 million. Its revenue from ordinary activities rose 2% to A$1.47 billion, from A$1.45 billion, in the year-ago period. However, its revenue on a pro-forma basis dropped 7.3% at A$1.8 billion, from A$1.94 billion, in the year-ago period. Treasury Wine Estates also announced its plans to pay a final dividend of 6 cents per share. Treasury Wine Estates shares dropped 3.13% to close at $3.10 on Friday.