A2 Milk forecasts FY revenue of $900M-$920M, says 2H margins held at 1H levels

Tue, 15 May 2018

By Jonathan Underhill May 16 (BusinessDesk) - A2 Milk Co forecast a surge in full-year sales and said its gross margin in the second half has stayed in line with its first half, as expected. Revenue in the 12 months ending June 30 is expected to be $900 million-to-$920 million, up from about $550 million last year, when the Auckland-based company reported that profit tripled. In the past 12 months, A2 Milk shares have soared 280 percent, the best performance on the S&P/NZX 50 Index, which has gained 17 percent in that time. The stock m...

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