A2 Milk triples annual profit, mulls special dividend; stock jumps to record

Tue, 22 Aug 2017

By Tina Morrison Aug. 23 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, tripled its annual profit and said it would use some of its accumulated cash to buy back shares, and may pay a special dividend. Net income soared to $90.6 million, or 12.29 cents per share, in the 12 months ended June 30, from $30.4 million, or 4.31 cents per share, in the year-earlier period, the Auckland-based company said in a statement. Revenue rose 56 percent to $549.5 million, ahead of the $545 million it forec...

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