AUSTRALIAN wine and beer firm Foster’s yesterday toasted the successful relaunch of its Rosemount wine brand as the group unveiled increased profits.

The Melbourne-based company said the return to growth of the previously-struggling brand boosted international wine sales and helped underlying group profits reach 17% higher to $A716.1m (£294.1m) in the year to June 30.

In the UK, volumes of Rosemount were up 60% in the second half of the year. Overall UK volumes were 26% higher after heavy promotion.

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