Mataura Valley Milk unlikely to be profitable for three more years

Mataura Valley Milk's site outside of Gore. (Image: Supplied)

Tue, 20 Aug 2024

The a2 Milk Company believes it is most likely that Mataura Valley Milk won’t be profitable until 2027.The dual-listed milk marketer bought a controlling stake in the Southland processing site outside Gore three years ago for $268.5 million.China Animal Husbandry Group retains a minority stake in the business, which a2 Milk had said it wanted to be profitable by 2026.When it bought the stake, a2 said the additional supply would complement its existing arrangements with Fonterra and Synlait Milk, with which it last week settled a year-long...

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