A2 Milk FPO NZ (ASX:A2M, NZX:ATM) has upped its 2016 financial year revenue guidance from NZ$230 million to NZ$267 million and is predicting 73 per cent revenue growth from 2014.
The dual-listed milk company says the outlook is due to the strong growth in its a2 Platinum infant formula through Australia, New Zealand and also China with a jump of 39 per cent in revenue showing in the company’s unaudited results for 2015.
A2 plans to introduce a new product to the existing three variants of the infant formula effective immediately.
Fresh milk sales are also achieving solid results with double digit growth in the local market. The UK business has been repositioned and early results are promising.
