a2 Milk first half net profit up 7.6%, sets 8.5c dividend

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Mon, 17 Feb 2025

a2 Milk has upped its first-half net profit by 7.6% to $91.7 million, beating market expectations.The company, which listed on the New Zealand Exchange (NZX) in 2004, announced its first-ever dividend, 8.5 cents a share.Market expectations were for a net profit of about $83m.a2 Milk’s revenue grew by 10.1% to $893.8m compared to a market consensus of $870m.Earnings before interest, tax, depreciation and amortisation (Ebitda) were up 5.0% to $118.9m with an Ebitda margin of 13.3%.a2 Milk ended the first half with a net cash position of $1....

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