February 13, 2017 / 9:31 PM / 6 months ago

Australia's Treasury Wine posts record half-year profit on U.S., China demand

SYDNEY, Feb 14 (Reuters) - Australia's Treasury Wine Estates Ltd, the world's biggest listed stand-alone wine company, posted a record half-year profit as it catered to China's thirst for mid-range product and benefited from a United States purchase.

Net profit for the owner of the Penfolds, Wolf Blass and Rosemount wine labels more than doubled to A$136.2 million ($104.1 million) for the six months to Dec. 31, helped by an earnings contribution from the recently acquired U.S. wine business of Diageo Plc.

Earnings before interest, tax and one-off items rose 59 percent to A$226.8 million, in line with the A$226 million average forecast of analysts polled by Thomson Reuters.

$1 = 1.3082 Australian dollars Reporting by Byron Kaye; editing by Andrew Roche

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