A2 Milk reports first quarter revenue of $112.5 mln, shares rise 4%

Tue, 08 Nov 2016

By Edwin Mitson Nov. 8 (BusinessDesk) - A2 Milk, which markets milk based on the supposed health benefits of the A2 milk protein, says first quarter sales met expectations with sales driven by growth in infant formula and milk. The shares rose 4 percent on the update. The Auckland-based, Sydney-headquartered company reported revenue of $112.5 million in the three months ended Sept. 30 in a presentation by chief executive Geoffrey Babidge to a UBS conference in Sydney. Sales of fresh milk in Australia and New Zealand were up 7 percent fro...

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