A2 Milk shares rise 4.4% as company doubles down on US, Asia

Wed, 22 Aug 2018

By Sophie Boot Aug. 22 (BusinessDesk) - A2 Milk's shares rose 4.4 percent following the milk marketer's annual results this morning, but are still well off record highs seen earlier this year. The company more than doubled net profit to $195.7 million in the June 2018 year, as it widened margins and increased infant formula sales. Revenue rose 68 percent to $922.7 million and earnings before interest, tax, deprecation and amortisation also more than doubled to $283 million. A2 already gave that revenue figure last month, just beating its...

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