The a2 Milk Company report a whooping 47% rise in NPAT

Company News

by Rachael Jones

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$14.660 -$0.021 -0.15%
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Last Updated: 21/01/2020 10:28 AM

The a2 Milk Company (ASX:A2M) have reported a whopping net profit after tax of NZ$287.7 million – up 47 per cent on the prior corresponding period.

Infant nutrition market shares strengthened to 6.4 per cent in China with Group infant formula revenue of NZ$1.06 billion up 46.9 per cent.

US milk revenue more than doubled and distribution expanded to over 13 stores.

Australian fresh milk revenue growth of 10.7 per cent and record market share of 11.2 per cent.

Shares in the a2 Milk Company (ASX:A2M) are trading 11.3 per cent lower at $14.19.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.