A2 Milk reports better sales than expected
The A2 Milk Company is experiencing higher than expected demand for its infant formula in China, enabling the business to increase its forecasted sales results for its 2017 financial year.
In releasing its first half 2017 financial year results, The A2 Milk Company had said in February 2017 that it expected its infant formula sales to fall off in the second half of the year.
Yet, now in a new trading update, the company has however announced that demand for its infant formula has continued in China, accompanied by particularly strong demand in Australia.
As a result, the business confirmed that for the 9 months ended 31 March 2017, group revenue was NZ$388.5 million.
The A2 Milk Company reports that it has been able to increase its production schedule with manufacturing partner, Synlait Milk, to answer the demand.
It is now forecasted that The A2 Milk Company will achieve a revenue of NZ$525 million for its 2017 financial year.
Related articles
- A2 MilkCompany acquires share in Synlait
- TheA2 Milk Company’s transformational 12 months pays off
- A2 MilkCompany and Synlait enter into new infant formula deal
Abbott’s Village Bakery is now selling gluten free bread.
Australian-owned Bega Cheese has acquired the former Kraft Peanut Butter factory in Victoria, adding...
The Queensland Building and Construction Commission has warned those who have purchased Aldi tapware...
Woolworths has launched a new private label food range after reviewing its current offerings over th...
Snack Brands’ Thins and Oporto Chicken have released a new chip flavour.
Would you like your doctor to follow you around the supermarket while you do the weekly grocery shop...
Major UK retailer, Marks and Spencer, has announced it will be opening a line of cafes offering its ...
Austrlian Science and Media Centre (AusSMC) has reported that humans consume more than 74,000 micro...