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...
Election 2020
ELECTION 2020: Boag quits Nats; confirms more patient leaks
Victoria Young | Fri, 10 Jul 2020

Long time National Party member Michelle Boag has quit the organisation and admitted she sent patient details to opposition immigration spokesperson Michael Woodhouse.Woodhouse, in a statement, said h...

Primary Sector
Emissions, water settings will put brakes on export plans - economists
Brent Melville | Fri, 10 Jul 2020

Greenhouse gas commitments and freshwater settings have tempered New Zealand’s export goals for the next decade, which would otherwise be a whole lot more ambitious, economists say. The government'...

Markets
MARKET OPEN: Smelter impact may linger over local market; dour Wall St won't help
Rebecca Howard | Fri, 10 Jul 2020

New Zealand investors may continue to bail out of electricity generator-retailers after news the Tiwai Point smelter will be closed in just over a year, and a mixed night on Wall Street won’t help sen...

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