A2 Milk shares soar to a record after jump in first-half profit

Tue, 16 Feb 2016

By Fiona Rotherham Feb. 17 (BusinessDesk) - A2 Milk shares soared to a record after the specialty milk marketer boosted first-half profit and raised its estimate for full-year earnings on a surge in demand for its infant formula in Australia, New Zealand, and China. Profit jumped to $10.1 million in the six months ending Dec. 31, from $125,000 in the same period last year, the New Zealand-founded and Australian-based company said in a statement. The shares increased 26 percent to $2.55, after earlier touching a record $2.60. Substantia...

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