Treasury Wine Estates records $101m loss
date:Aug 21, 2014
The loss is being credited towards costs surrounding the restructure of the business together with asset impairment charges which totalled $280.6 million.

The Australian reports that earnings before interest, tax, SGARA and material items fell by 14.6 percent to represent a total of 184.6 million.

Throughout the period, total volume dropped by 2.1 million cases to represent 30 million cases, while net sales revenue rose by one percent to $1.706 billion.

Chief executive of TWE, Michael Clarke
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