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...

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