Mataura Valley Milk's CEO expects a turnaround soon

MVM chief executive says there's a solid plan to reach profitability. (Image: Supplied)

Fri, 19 Nov 2021

Mataura Valley Milk has been hit by a slowdown in infant formula sales in China but chief executive Bernard May expects demand to kick in shortly. The Southland milk processor is now “on track to make a profit and break even” in the year to June 2026, 12 months later than it thought when A2 Milk bought a 75% stake in the company, said May.Mataura Valley Milk (MVM) reported a loss of $45.8 million in the year to Dec 2020, versus a loss of $47m the year before. The company's financial year has since been changed to align with...

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