A2 Milk meets guidance with return to profit, 127% jump in revenue

Tue, 23 Aug 2016

By Jonathan Underhill Aug. 24 (BusinessDesk) - A2 Milk, which markets milk based on the supposed health benefits of the A2 milk protein, met its June guidance with a return to full-year profit and a 127 percent jump in revenue that was driven by infant formula sales in Australia and China. Profit was $30.4 million in the 12 months ended June 30, from a loss of $2.1 million a year earlier. Earnings before interest, tax, depreciation and amortisation rose to $54.6 million, just above the $52 million-to-$54 million forecast it gave in June,...

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