A2's shares hit record on 1H results, Fonterra deal

Tue, 20 Feb 2018

By Sophie Boot Feb. 21 (BusinessDesk) - A2 Milk shares spiked 16 percent to a record after the company announced it had more than doubled first-half profit on strong infant formula sales and has aligned itself with Fonterra Cooperative Group which will see the two companies partner up on a range of products. Net profit rose to $98.5 million in the six months ended Dec. 31 from $39.4 million a year earlier as sales climbed to $434.6 million from $256 million, Auckland-based, Sydney-headquartered a2 said. The shares jumped to a record $10....

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