A2 Milk first-half profit soars, company eyes future dividend payments

Tina Morrison
Tue, 14 Feb 2017

By Tina Morrison Feb. 15 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, more than tripled its first-half profit as demand for its A2 Platinum infant formula surged in its key Australia, New Zealand and China businesses. Net income soared to $39.4 million, or 5.37 cents per share, in the six months ended Dec. 31, 2016, from $10.1 million, or 1.5 cents per share, in the year-earlier period, the Auckland-based company said in a statement. Revenue rose 84 percent to $256.1 million. The result...

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