New Zealand dairy firm a2 Milk beats estimates with nearly 10 percent profit growth
The dairy firm posted a net profit of NZ$112.1 million for the half-year ending December. This beat expectations thanks to strong infant formula sales in China.
Insights:
The a2 Milk Company Limited announced a 9.4% increase in half-year net profit to NZ$112.1 million for the period ended December 31. This result represents a rise from the NZ$91.7 million net profit recorded during the same period a year earlier and exceeded the Visible Alpha consensus estimate of NZ$104 million.
