A2 Milk taking a long hard look at China business

Chief executive David Bortolussi.

Mon, 10 May 2021

A2 Milk chief executive David Bortolussi is looking to turn the company around, taking a long, hard look at the company’s China business and putting a share buy-back on the table. A2 Milk shares took another nosedive after it slashed guidance yet again. It is now targeting revenue for FY21 in the order of $1.2 billion to $1.25b, it said. In February, A2 said it was targeting revenue of $1.4b. The shares last traded at around $6.70, down 11%. They are now down around 70% since last August, wiping more than $11b from its market ca...

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