A2 Milk shares jumped 14% on improved guidance

Wed, 15 Jun 2016

By Edwin Mitson June 15 (BusinessDesk) - A2 Milk shares rose 14 percent after the milk marketing company raised its full-year guidance and said it is well placed to cope with changes to infant formula regulations in China. Revenue is now 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, the company said today. Operating earnings before interest, tax, depreciation and amortisation are projected to be $52 million to $54 million, up from the $45 mil...

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