A2 eyes extra manufacturing capacity

Thu, 27 Feb 2020

A2 Milk lifted first-half profit 21.1 percent and said the scale of its infant nutrition business meant it is now looking at participating in additional manufacturing. It remained fairly sanguine about the impact of covid-19. Net profit rose to $184.9 million in the six months ended Dec. 31 as total revenue climbed 31.6 percent to $806.7 million, the Auckland-based, Sydney-headquartered A2 said.Sales in the infant nutrition segment totalled $659.2 million for the period – an increase of 33.1 percent from the same six months a year earlier....

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