CORRECT A2 first-half profit dented by UK joint venture, affirms annual earnings target of $11.2M

Wed, 27 Feb 2013

(Fixes incorrect net profit figures in 2nd graph. Updates share price in lead and 8th graph) By Paul McBeth Feb. 27 (BusinessDesk) - A2 Corp, which markets milk products with a protein variant claimed to have health benefits, reported an 82 percent slide in first-half profit as the cost of setting up its UK joint venture eroded the bottom line. The shares gained 1.9 percent as it affirmed its annual earnings forecast. Net profit dropped to $554,000, or 0.09 cents per share, in the six months ended Dec. 31 from $3.1 million, or 0.53 cents, a...

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