A2 Milk sees 'challenging and volatile' year ahead

Investors may be disappointed by lack of FY22 guidance. (Image: Supplied)

Thu, 26 Aug 2021

A2 Milk posted steep declines in annual revenue and profit, meeting its low expectations, and it doesn't foresee a recovery any time soon. The company said revenue for the 12 months to June 30 was $1.2 billion, down 30.2%. The company had indicated – after a series of downgrades – that revenue would be $1.2b-to-$1.25b. Net profit was $80.7 million, down 79.2%. “Overall, although A2 believes the business will continue to make significant progress on many fronts, full-year 2022 is expected to continue to be a chal...

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