ASX:TWEBeverage
Treasury Wine Estates (ASX:TWE) Shares Rally Into A Profit Recovery Clouded By Impairments
Treasury Wine Estates came into this result on a tear, with the stock up about 39% over the past three months and closing at A$5.91 today. The market has been treating it as a beaten down turnaround story. The headline from these earnings is more complicated. Reported earnings per share for the full year were in loss territory and statutory net profit after tax was close to break even once more than A$1.3b of material charges were stripped out.
For investors, the core tension is clear. The...

