A2 profit down, revenue down — and full year is looking worse

A2 profit down, revenue down — and full year is looking worse
A2 says its balance sheet remains in a strong position with no debt and a closing cash position of $774.6m.
Rebecca Howard
A2 Milk’s first-half result was in line with its latest guidance, with revenue down 16% to $677.4 million but it lowered its full-year guidance as covid-19 continues to bite.This was driven by performance through the daigou and cross-border e-commerce channels being significantly impacted due to disruption resulting primarily from covid-19 related issues.On the plus side, this was partially offset by another period of strong growth for China label infant nutrition products, with sales of $213.1m, an increase of 45.2%.The group earnings be...

More Primary Sector

Back on track: King Salmon looks ahead
Primary Sector

Back on track: King Salmon looks ahead

King Salmon's core business is sound again; big investment beckons.

Pattrick Smellie 28 Mar 2024
Meng Foon won't quit as a PGW director
Primary Sector

Meng Foon won't quit as a PGW director

His board colleagues have invited him to go.

Riley Kennedy 26 Mar 2024
Agria pulls out of PGW board coup
Primary Sector

Agria pulls out of PGW board coup

Largest shareholder drops bid to have most independent directors dumped.

Riley Kennedy 22 Mar 2024