A2 raises annual sales guidance on new production, boosts Chinese marketing spend

A2 raises annual sales guidance on new production, boosts Chinese marketing spend
Paul McBeth
By Paul McBeth June 16 (BusinessDesk) - A2 Milk Co lifted annual sales guidance for the second time in as many months as it beefed up production to meet sweltering Chinese demand for infant formula.  The Auckland-based, Sydney-headquartered milk marketer said revenue is expected to be $545 million in the 12 months ending June 30, a $20 million increase from its April update which was itself an upgrade. A2 reported annual revenue of $352.8 million in 2016.  In the April update, a2 said it was working with Synlait Milk to increase supply...