Treasury Wine Estates lifted full year net profit after tax 55% to $269.1 million on the back of its premium wine strategy and its Asia marketing push.
A short time ago, its shares were up 2.4% to $12.89.
Earnings per share jumped 50% to 36.5 cents and revenue 8.1% to $2.53 billion.
The company declared a final dividend of 13 cents a share, 50% franked, bringing the total payout for 2017 to 26 cents a share, a 30% increase.
The owner of the Penfolds and Wolf Blass brands also announced an on-market share buyback of up to $300 million.
Here’s how earnings jumped for each region:
CEO Michael Clarke says the result highlights robust earnings growth across every region.
He says the outlook continues to be positive, with the company delivering against its strategy of transitioning from an agricultural to a brand-led, high performance organisation.
In 2018, he says the company will continue to focus on and strengthen its regional business models, brands, teams and partnerships.
“Delivering revenue growth and margin accretion over time remains a priority, supported by our investments in building closer, more efficient and strategic partnerships with customers and by positioning TWE as the wine supplier of choice across multiple brand portfolios and countries-of-origin,” he says.
Revenue by region:
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