The Chinese market shrinks, Australia's wealth, wine industry revenue may fall 43% last fiscal year – Australian News – Sydney
2014-01-31 01:15:53 Source: Australian website Marieedit
Aussie.net news. The local wealth wine industry (Treasury Wine Estates, hereinafter referred to as TWE) warned on the 30th that the company's pre-tax revenue may plummet by 43% in the first half of the fiscal year, and the main culprit is the underperformance of the Chinese and American markets. expected.
TWE announced on the same day that the company’s unaudited accounts showed that the total assets before interest and taxes in the first half of the fiscal year ranged between 4200 million yuan and 4600 million yuan, which was a far cry from the 7340 million yuan in the same period last year. At the same time, the company's annual profit before interest and taxes (EBITS) will be 1.9 million to 2.1 million yuan, which is a sharp drop from the previous estimate of 2.3 million to 2.5 million yuan, and it is also higher than the data of the previous fiscal year. About 9% lower. TWE pointed out that, affected by the relevant regulations of the Chinese government, China's demand for quality wine has shrunk significantly. The write-down of assets of up to 1.54 million yuan in the US business also has a great impact on the company's revenue.