A2 Milk turns to annual loss on increased costs; no action on takeover bid

Wed, 19 Aug 2015

By Fiona Rotherham Aug. 20 (BusinessDesk) - A2 Milk, the specialty milk marketing company, turned to an annual loss despite a hike in revenue as it invests in offshore expansion and absorbed costs from its ASX listing. The net loss after tax was $2.09 million for the year ended June 30, compared to a $10,000 profit the year earlier, the Auckland-based company said in a statement. Revenue rose 40 percent to $155 million, while earnings before interest, tax, depreciation, amortisation and one-time costs rose 35 percent to $4.18 million, fol...

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