Treasury Wine Estates struggles in first half, but bullish on road ahead – results data

Sales from six months to end of December decline by 16.6% to AUD1.3bn (US$917.2m)In line with previous half-year's estimated top-line slide of -14.4%'TWE Ascent' programme targets per-year cost improvement of AUD100m "across a two-to-three-year time period"Treasury Wine Estates has promised a "focus on modern refreshment... supported by disruptive innovation" in the months ahead, following a particularly troublesome latest half year.Six months on from posting a 6% lift in sales from the 12 months to the end of June - a performance hindered by a near-14.5% sales slump in the second half of fisc