Business
Profit jumps for a2 Milk on surging China sales – Sydney Morning Herald
The a2 Milk company has delivered a 33 per cent jump in revenue, powered largely by a virtual doubling in infant nutrition sales in China.
The a2 Milk company has delivered a 33 per cent jump in revenue across the 2019-20 financial year, powered largely by a virtual doubling in infant nutrition sales in China across a bigger retail distribution footprint.
The infant formula, nutrition and milk business, which is listed on both the New Zealand and Australian markets, reported revenue of $NZ1.73 billion ($1.57 billion), just shy of the $NZ1.75 billion market consensus figure.
Underlying net profit came in at $NZ385.8 million, up a …
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