A2 posts 22 percent gain in first-half sales, commits to US market push

Tue, 25 Feb 2014

Feb. 26 (BusinessDesk) – A2 Corp, whose shares have soared 564 percent in the past three years, reported a 22 percent increase in first-half sales, while increased marketing costs restrained earnings, and said the US will be its next target market. Profit was $643,000 in the six months ended Dec. 31, from $554,000 a year earlier, the Auckland-based company said in a statement. Sales rose to $54 million from $44.3 million and its gross margin rose 35 percent to $19.9 million. A2 holds and commercialises patents, trademarks and proprietary pro...

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