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
There are only a limited number of places left for the Melbourne Foodlegal workshop on 14 November ...
Jalna has decided for now to bring back Kosher certification of its products.
Coopers is reviving its push into home brewing, launching a new DIY brewing extract for the Christma...
Coles has dragged down the Wesfarmers 2018 first half year financial profits with its earnings falli...
Ice cream brand, Ben & Jerry’s, says it will not serve customers two scoops of the same flavour unti...
Chobani is selling a limited batch of mandarin flavoured yoghurt in celebration of Chinese New Year.
International real estate and business agency CB Richard Ellis ( CBRE) has issued a report ( June 2...
Australia’s supermarkets can thank My Kitchen Rules for boosting their bottom lines, with new resear...