A2 Milk gets a temporary boost from covid-19

Wed, 22 Apr 2020

A2 Milk's profit margin is getting a temporary boost as consumers stock up, the kiwi dollar slides and overhead costs are down.“We are now able to confirm that our revenue for the three months to March 31, 2020 was above expectations” on strong revenue growth across all key regions, particularly infant nutrition products sold in China and Australia, the company said in a trading update this morning.A2 Milk is now anticipating FY20 revenue will be in a range of $1.7 billion and $1.75 billion in the year ended June 30, u...

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