New Zealand’s a2 Milk posts 44% fall in full-year profit
Underlying profit rose 7% as China-label infant formula sales were hit by fourth-quarter supply-chain disruption that has now been resolved.
6 Articles
6 Articles
New Zealand’s a2 Milk posts 44% fall in full-year profit
Aug 17 - New Zealand's a2 Milk reported a 44% drop in its full-year profit on Monday, dragged down by lower revenue from its key China-label infant milk formula product as temporary supply chain disruptions constrained its availability. The dairy...
Headwinds disrupt a2 Milk in China
Reading Time: 2 minutes The a2 Milk Company achieved double-digit revenue growth in the financial results for the year to June 30 despite supply chain disruption in the fourth quarter. Revenue was up 12.4% to $1.9 billion, with China revenue up 11.7%, the United States up 28.6% and Australia and New Zealand up 10.2%. Underlying earnings were up 5.4% to $307.6m, excluding earnings loss at the newly acquired Pōkeno processing plant of $23.2m. Unde…
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