Money a2 Milk is about to post a 68% lift in full year revenue

17:05  12 july  2018
17:05  12 july  2018 Source:   businessinsider.com.au

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New Zealand dairy product maker a 2 Milk Company (ATM.NZ) ( A 2 M.AX) said on Thursday its fiscal 2018 unaudited group revenue grew about 68 percent to around NZ a 2 's New Zealand-listed stock is up more than 45 percent in the year to Wednesday's close, after soaring over 278 percent in 2017.

New Zealand dairy company A 2 Milk said on Wednesday it expected full - year revenues to rise more than 63 per cent after a surge in the first nine months of the financial year .

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    The a2 Milk Company, whose infant formula is loved in China, is about to post a 68% jump in full year revenue to $NZ922 million ($A845.5 million), exceeding the high end of its own guidance.

    The company says the unaudited numbers also show an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) to sales ratio for the 2018 year of 30%.

    Final 2018 results are due to be released in August.

    a2 Milk says it expects further growth in revenue in 2019.

    Spending on marketing will be higher given continuing investment in Australia, activities in China and increased investment to support expansion in the US.

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    May 16- New Zealand dairy company A 2 Milk Ltd said on Wednesday it expected full - year revenues to rise more than 63 percent after a surge in the.

    In 2006, A 2 Corporation was on sound enough footing to buy back A 2 Australia from Fraser & Neave.[34] In 2006, it lost about million, after having lost million the year before, but revenues had approximately doubled 5 October 2010 A 2 Corporation takes full control of US marketing arm.

    And overheads will rise mainly due to increasing headcount for China and corporate headquarters sto support the increasing scale of the company.

    Earlier this month, a2 Milk announced an extension to its supply deal with Synlait, the New Zealand-based infant formula company.

    The deal also increases the volume of infant formula products as demand for a2 Platinum infant formula continues to grow in China and in Asia.

    Jayne Hrdlicka, a former CEO of the Jetstar, is taking over as CEO of a2 Milk on Monday next week.

    Australia's Bega Cheese to buy Saputo dairy plant for $184.5 million .
    Australia's Bega Cheese Ltd (BGA.AX) said on Wednesday it has agreed to buy a dairy processing facility at Koroit in Victoria state from Saputo Inc's (SAP.TO) local arm for A$250 million ($184.5 million). The deal comes four-and-a-half months after Canada's Saputo said it was discussing plans to sell the milk plant to address concerns from Australia's competition watchdog about its buyout of Murray Goulburn Co-operative (MGC.AX).At the time, the Australian Competition and Consumer Commission (ACCC) said the Murray Goulburn deal may leave some Victorian farmers little choice when selling their milk.

    Source: http://au.pressfrom.com/news/money/-72272-a2-milk-is-about-to-post-a-68-lift-in-full-year-revenue/

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