a2 Milk's profit and revenue goes up

Managing director and chief executive David Bortolussi. (Image: a2)

Mon, 19 Aug 2024

The a2 Milk Company has increased its net profit by 7.7% to $167.6 million.The milk marketer’s earnings before interest, tax, depreciation and amortisation (ebitda) grew 6.9% to $234.3m with an ebitda margin of 14%, up 0.2 percentage points.Revenue in the 12 months to the end of June was $1.67 billion, up 5.2%.It finished the year with a cash position of $968.9m, up $211.7m on June 2023.IMF sales The company’s sales of infant milk formula (IMF) grew 4.6% despite a challenging China market that was down 10.7% in value....

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