A2 lifts annual profit 52%, plans $150m share buy back

A2 Milk said its China label formula sales were up 12.2% and its English label sales up 11.6%. (Image: Getty)

Mon, 29 Aug 2022

A2 Milk lifted annual net profit 52% despite “challenging” market conditions and said it would buy back up to $150 million of its own shares.The infant formula company said net profit attributable to shareholders for the year ended June 30 rose to $122.6m from $80.7m the previous year.The result was struck on a 19.8% rise in annual revenue to $1.45 billion with the company saying its China label sales were up 12.2% and it's English label sales up 11.6%.Its liquid milk sales in Australia and New Zealand were up 1.8% while US sale...

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