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

Thu, 15 Jun 2017

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...

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