a2 Milk
(ASX:A2M) has announced it expects full year revenues to rise to more than New Zealand $900 million.
The forecast comes after a 70 per cent surge in revenue the first nine months of the financial year to NZ$660 million.
The company’s now expects to spend about ($NZ) 82 million to ($NZ) 87 million for the full year.
Higher expenditure in the second half will be primarily in its US and China businesses.
a2 Milk says the stellar results are due to continued sales growth in both nutritional products and milk.
Shares in a2 Milk
(ASX:A2M) closed 0.74 per cent lower to $12.13 yesterday.
