a2 Milk's 1H result ahead of expectations

(Image: Getty)

Mon, 19 Feb 2024

a2 Milk has lifted its first-half net profit by 15.6% to $85.3 million – ahead of market expectations – despite a double-digit decline in China’s infant formula market.The dual-listed company said its strong performance in China was supported by record levels of marketing.a2 said it had stabilised English-label infant formula sales in the second half of 2023 after several periods of decline and had new products on the way.The company’s earnings before interest, tax and amortisation (Ebitda) were up 5.0$ to $113.2m with a...

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