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Derek Rose

Glass half full: Penfolds owner 'excited' despite loss

Penfolds China United States Treasury Wine Treasury Wine Estates

There are no sour grapes from Treasury Wine's CEO, who remains upbeat despite a first-half loss. (Lukas Coch/AAP PHOTOS)

A premium wine maker whose portfolio includes the prestigious Penfolds brand has plunged into the red after it was forced to swallow a one-off hit to its bottom line.

Treasury Wine Estates on Monday reported a first-half bottom-line net loss of $649.4 million, against a net profit of $220.9 million in the previous corresponding period.

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