Reported about 17 hours ago
a2 Milk announced a 21% rise in full-year profit, reaching NZ$202.9 million, attributed to strong demand for its products in China. The company plans to acquire a NZ nutritional manufacturing facility for NZ$282 million to enhance its share in the lucrative China market. Additionally, a2 Milk is divesting its stake in Mataura Valley Milk and anticipates stable profits for the upcoming year, while declaring a final dividend of 11.5 cents per share.
Source: YAHOO