A2 more than doubles FY profit as Australian sales surge, targets China, UK for more growth

Mon, 03 Sep 2012

By Paul McBeth Sept. 4 (BusinessDesk) - A2 Corp, which claims a health benefit from the protein variant in its milk, more than doubled annual profit by expanding in Australia and is looking at building its footprint in China and the UK for its next stage of growth. Net profit climbed to $4.4 million, or 0.74 cents per share, in the 12 months ended June 30, from $2.1 million, or 0.4 cents, a year earlier, the company said in a statement. Revenue jumped 44 percent to $64 million, with Australian sales accounting for about 98 percent of that. A...
Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

Markets
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Dan Brunskill | Fri, 10 Jul 2020

New Zealand shares fell as energy stocks declined for a second day following the announcement Rio Tinto’s New Zealand aluminium smelter will close. Chorus led the market lower on the risk of more r...

Finance
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Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of th...

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