Money A2 Milk tips FY revenue to jump up to 67%

12:05  16 may  2018
12:05  16 may  2018 Source:   msn.com

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THE a 2 Milk Company is ramping up its investment in clinical trials to combat arguments that its health claims are unfounded. On the basis of FY 15 performance, a 2 Milk is forecasting FY 16 revenue to increase by 72 per cent to 7 million, and before-tax Jump back to top. MORE IN business.

Targets China, the US and Britain: A 2 Milk chief executive Geoff Babidge. Photo: Louise Kennerley. Revenue is forecast to jump 72 per cent in FY 16 to $NZ267 million, while earnings before interest, tax, depreciation and amortisation is By signing up you accept our privacy policy and conditions of use.

The A2 Milk Company expects full year revenue to be between $826.8 million and $845.2 million, compared to $505.3 million in the previous year.© AAP Image/Paul Miller The A2 Milk Company expects full year revenue to be between $826.8 million and $845.2 million, compared to $505.3 million in the previous year. The A2 Milk Company expects full year revenue to rise as much as 67 per cent after a surge in revenue in the first nine months of the financial year.

Revenue for the 12 months to June 30 is expected to be between $826.8 million and $845.2 million compared to $505.3 million in the previous year, the company said on Wednesday.

The New Zealand dairy company said revenue for the nine months to March 31 was $606 million, up about 70 percent from the same time a year ago.

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of .4 million • Australian fresh milk sales up 5% in AUD on pcp • Significant growth in revenue and earnings in China • Cash on hand at 31 December 2015 of .4 million • FY 16 full year forecast increased

Stepped up investment in China marketing. FY 18 market update: regional performance. UK • Pleasing progress in rate of sale for fresh milk (>50% revenue growth on pcp1) • Continued growth in distribution footprint, total stores now exceeding 2,000 ( up from ~1,600 at June 2017)

Driving the strong performance was continued sales growth in both its nutritional products and liquid milk, as well as seasonal sales from key selling events in China.

In February the company more than doubled its first-half profit to $62.96 million on the back of strong growth in A2's infant formula business and higher liquid milk sales in core markets.

It lifted revenue 70 per cent to $399.73 million and secured an alliance with global dairy giant Fonterra to produce new products and expand into new markets.

A2 Milk on Wednesday said it expects to spend about $75.4 million to $80 million on marketing investments for the full year, given higher expenditure primarily in its US and China businesses.

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