A2 shares surge on stronger margin outlook

By Jenny Ruth | Tue, 19 Nov 2019


A2 Milk shares jumped 14.2 percent after it said it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent.The shares jumped to $14.62 from $12.80 when trading opened at 10am, still shy of its record at $18.04 at the end of July.On Aug. 21 when it released its annual results, A2 said it expected earnings before interest, tax, depreciation and amortisation margin this financial year would be broadly consistent with the 28.2 percent ebitda margin reported in the six months ended June...