A2 Milk taking a long hard look at China business

A2 Milk taking a long hard look at China business
Chief executive David Bortolussi.
Rebecca Howard
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...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024