A2 Milk lifts guidance for full-year sales, earnings as trading exceeds targets

Tue, 14 Jun 2016

By Jonathan Underhill June 15 (BusinessDesk) - A2 Milk raised its guidance for full-year sales and earnings, saying trading is exceeding its targets and the milk marketing company is well placed to cope with changes to regulations for infant formula in China. Revenue is forecast to be in a range of $350 million to $360 million in the year ending June 30, from a previous forecast of $335 million to $350 million. Operating earnings before interest, tax, depreciation and amortisation are projected to be $52 million to $54 million, up from th...

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