The loss is being credited towards costs surrounding the restructure of the business together with asset impairment charges which totalled $280.6 million.
The Australian reports that earnings before interest, tax, SGARA and material items fell by 14.6 percent to represent a total of 184.6 million.
Throughout the period, total volume dropped by 2.1 million cases to represent 30 million cases, while net sales revenue rose by one percent to $1.706 billion.
Chief executive of TWE, Michael Clarke said that the company delivered good results considering the events of the past 12 months.
“Having taken the necessary steps in the final quarter of fiscal 2014 to drive improved performance, including increasing consumer marketing, reducing TWE’s cost base and addressing structural challenges within the business, I am confident the company is now positioned for future success,” Clarke said in a statement.
Earlier this month, TWE received a second takeover bid from an unidentified global private equity firm which matched the first offer by US-based KKR and Rhone Capital which valued the company at $3.38 billion.
