A2 shares touch record-high as investors buy into growth story

Thu, 29 Aug 2013

Aug. 29 (BusinessDesk) - A2 Corp shares touched a record high 77 cents in trading today after the company boosted sales 51 percent and improved its underlying earnings. The Sydney-based company, which markets milk products with a protein variant claimed to have health benefits, lifted sales to $94.3 million in the 12 months ended June 30 from $62.5 million, and more than doubled operating earnings before interest, tax depreciation and amortisation to $10.6 million. Net profit slipped 6.5 percent to $4.12 million, as the company wore losses...

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