A2 says FY earnings flat, sees growth in 2016; pooh-poohs takeover bid

Sun, 19 Jul 2015

By Paul McBeth July 20 (BusinessDesk) - A2 Milk Co, which markets milk with a protein variant said to have health benefits, says annual earnings were flat and are set to triple in 2016 with sales expected to rise faster than forecast. Separately, the company has told its suitors to try again after an initial offer wasn't compelling and drew out rival bidders. Earnings before interest, tax, depreciation and amortisation was unchanged at $4 million in the 12 months ended June 30, and are forecast to rise to $12 million in 2016, ahead of pla...

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