Business
A2 Milk trading halt sparks concerns about outlook – The Australian Financial Review
The baby formula and fresh milk products group is heavily reliant on China, and the daigou exodus from Australia amid COVID-19 forced a2 to cut its outlook in September….
The daigou exodus – the personal shoppers who take tins of formula and vitamins to China – dried up in Australia amid COVID-19 restrictions, forcing a2 Milk in late September to cut its outlook. This was re-confirmed by chief executive Geoff Babidge at its AGM in November.
A2 Milk expected revenue in the half year ending December 31 will fall to between $725 million – $775 million from $807 million in the year-earlier period, but that full financial year 2021 revenue would rise to between $1.8 billion…
-
Noosa News9 hours agoShocking moment Bradley Donald Towle arrested after Bruce Hwy rampage and shooting on Sunshine coast
-
Noosa News16 hours agoMollie O’Callaghan admits to doubts, wins gold at Australian Open Swimming Championships
-
General10 hours agoNSW Police to provide update on Sydney woman’s kidnap from Bankstown home and killing
-
General23 hours agoFounder Schwab quits as World Economic Forum chair