UPDATE: A2 shares climb 7.7% as Chinese formula sales grow

Wed, 17 Oct 2018

(Recasts on share price, adds broker comment, fixes Chinese market share in 2nd graph) By Paul McBeth Oct. 17 (BusinessDesk) - A2 Milk Co shares jumped 7.7 percent after the company reaffirmed its expected annual revenue growth, piggybacking off the strength of its infant formula products. The milk marketer today said its share of China's infant formula consumption grew to 5.6 percent in the three months through September, from 5.1 percent in the June quarter. It also now has more than 10 percent of the branded fresh milk market in Ne...

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