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BRIEF-a2 Milk Company says FY net profit attributable NZ$90.6 mln
August 22, 2017 / 8:49 PM / a month ago

BRIEF-a2 Milk Company says FY net profit attributable NZ$90.6 mln

Aug 23 (Reuters) - A2 Milk Company Ltd:

* FY revenue NZ$549.5 million, up 55.8 percent

* The company does not propose to pay a dividend for the year ended 30 June 2017

* FY net profit attributable NZ$90.6 million , up 197.8 percent

* “Company’s working capital outlook assumes an increase in infant formula inventory to more sustainable levels during the year”

* Expects continued growth in the 2018 financial year, in particular from infant formula and milk powder products in Australia and China Source text for Eikon: Further company coverage:

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