A2 Milk posts third-quarter sales that beat its projection, lifts annual guidance

Tue, 25 Apr 2017

By Paul McBeth April 26 (BusinessDesk) - A2 Milk Co's third-quarter sales beat expectations as Chinese and Australian demand outstripped the milk marketer's projections and the company sees annual revenue jumping by almost 49 percent. The Auckland-based, Sydney-headquartered company forecasts revenue of $525 million in the year ending June 30, up from $352.8 million a year earlier, it said in a statement. A2 generated sales of $388.1 million in the nine months ended March 31, with the third quarter infant formula sales exceeding expectat...

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