a2 Milk says full-year revenues to rise to over NZ$900M

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.