The high Australian dollar has hit the bottom line of Foster's Group by slashing the earnings of its wine business.
Foster's first-half net profit after tax was $A355.7 million, down almost 14% from the same time a year earlier.
Total operating revenue for the company is down almost 5% to $A2.4 billion.
Chief executive Ian Johnston says wine earnings are down $A83 million.
Wine division managing director David Dearie says the downturn is being felt across the entire winemaking industry.
Foster's wine division is the second largest wine producer in the world.