A2 annual sales climb 68%, pipping guidance; expects to maintain margin despite higher costs in 2019

Paul McBeth
Wed, 11 Jul 2018

By Paul McBeth July 12 (BusinessDesk) - A2 Milk Co lifted annual sales 68 percent, just beating the guidance given in May, and said it expects to maintain an earnings margin of about 30 percent in the coming year even with increased spending.  The Auckland-based, Sydney-headquartered company said revenue was $922 million in the year ended June 30, up from $549.5 million a year earlier, and just beating the $900 million-to-$920 million forecast in May. Earnings before interest, tax, depreciation and amortisation was about 30 percent of sal...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...