A recent report from Treasury Wine Estates has revealed a significant decline in annual profit. The company's full-year underlying profit dropped by 41.5%, largely due to poor performance in its Americas division.

Further details on the decline are available from the source, but it is known that the weaker earnings from the Americas division had a substantial impact on the company's overall profit.

The report was released on Thursday, providing an update on the company's financial situation, with more information available for those interested in learning more about Treasury Wine Estates' financial performance.