Treasury Wine Estates Ltd (ASX:TWE) today announced its annual 2016 financial result, with Reported Net Profit After Tax (NPAT) and Earnings Per Share (EPS) more than double the previous corresponding period (pcp) with NPAT at $179.4m and EPS at 25.1 cents per share, respectively.

TWE reported Earnings Before Interest, Tax, SGARA and material items (EBITS) of $342.0m, up 52% on a reported currency basis and slightly ahead of guidance provided on 4 July 2016.

Excluding the earnings contribution of Diageo Wine4 in 2H16 of $33.2m, TWE delivered EBITS of $308.8m in F16, up 37% on the pcp.