A2 eyes extra manufacturing capacity; stock gains

Thu, 27 Feb 2020

A2 Milk shares lifted 6.6 percent after it reported a 21.1 percent jump in first half net profit and said the scale of its infant nutrition business meant it was now looking at participating in additional manufacturing. It remained fairly sanguine about the impact of covid-19. Net profit rose to $184.9 million in the six months ended Dec. 31 as total revenue climbed 31.6 percent to $806.7 million, Auckland-based, Sydney-headquartered A2 said.Sales in the infant nutrition segment totalled $659.2 million for the period – an increase of 33.1...

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