(Feb 16): Australia's Treasury Wine Estates on Monday suspended its interim dividend after booking a writedown on its U.S. business that resulted in a huge net loss. Treasury has also had to deal with distribution problems in California, a key market. On a statutory basis, Treasury swung to a A$649.4 million ($460 million) loss for the half-year ended December after logging a A$770.5 million impairment on its U.S. assets - a somewhat larger writedown than what had been flagged late last year. The result marks its first half-year loss since the company split from the Foster's group in 2011. It paid a dividend of 20 Australian cents per share for the same period a year ago.

Source: The Edge Markets February 16, 2026 08:42 UTC