NewsAAPA2 Milk doubles profit, inks Fonterra deal
A2 Milk shares have soared after the company more than doubled its first-half profit and entered into an alliance with global dairy giant Fonterra to produce new products and expand into new markets. Net profit for the six months to December 31 increased to $NZ98.47 million ($A91.8 million) on the back of strong growth in A2's infant formula business and higher liquid milk sales in core markets. The New Zealand-based company has secured an alliance with Fonterra under which Fonterra will exclusively supply A1 protein-free milk products in bulk powder and packaged form to A2 Milk.
- NewsAAP
A2 Milk lifts profit, makes Fonterra deal
The A2 Milk Company has more than doubled its first-half profit and has entered into an alliance with global dairy giant Fonterra to produce new products and enter new markets. A2 Milk's net profit for the six months to December 31 soared 150 per cent to $NZ98.47 million ($A91.8 million) on the back of strong growth in its infant formula business and higher liquid milk sales in core markets. Shares in A2 Milk were $A1.70, or 19.5 per cent, higher at $A10.41 at 1020 AEDT.
- NewsAAP
A2 Milk more than doubles half-year profit
The A2 Milk Company's half-year net profit has more than doubled to $NZ98.47 million ($A91.8 million) on the back of strong growth in its infant formula business. The dairy company said sales for the six ...
