A2 Milk 1H profit tumbles 81% as listing costs, fees rise, lodges ASX application

Tue, 24 Feb 2015

By Paul McBeth Feb. 25 (BusinessDesk) - A2 Milk Co, which markets milk with a protein variant said to have health benefits, reported an 81 percent drop in first-half profit after incurring costs for its planned ASX listing, lodged today, and for hiring consultants on its growth strategy. Net profit dropped to $125,000, or 0.02 cents per share, in the six months ended Dec. 31, from $643,000, or 0.11 cents, a year earlier, the Auckland-based company said in a statement. That included $762,000 in one-time costs associated with the Australian...

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