UPDATE: A2 Milk shares fall 15% despite solid result

Tue, 20 Aug 2019

(Recasts lead to include share price reaction, updates to add broker comment, detail throughout.) By Rebecca Howard Aug. 21 (BusinessDesk) - A2 Milk shares fell 15 percent despite another strong lift in annual revenue and net profit as a massive marketing push helped it make further inroads in its core China and the US markets. It also announced plans to exit the UK. Net profit in the year ended June 30 rose 47 percent to $287.7 million on total revenue of $1.3 billion, up 41.4 percent on the year. Earnings before interest, tax, d...

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