Don't ask me.... ask the market. Here's what DJ just put out on the wire service:
0536 GMT [Dow Jones] The New Zealand share market shrugged off global jitters about the looming 'Brexit' vote, with the NZX-50 index gaining 0.5% to 6869.56 on Wednesday. The day's biggest gainer was dairy producer The a2 Milk Company (ATM.NZ), which surged 12.7% to NZ$1.77 on the back of a forecast upgrade for fiscal 2016. A2 is forecasting FY16 group revenue of NZ$350 million to NZ$360 million, up from previous forecasts of NZ$335 million to NZ$350 million. It has also updated its FY16 group operating Ebitda forecast to a range of NZ$52 million to NZ$54 million, up from previous forecasts of NZ$45 million to NZ$49 million. Pay television operator Sky Network Television (SKT.NZ), which last week proposed a merger with telecommunications firm Vodafone NZ, rises 1.2% to NZ$4.99, after Credit Suisse upgraded its rating to a neutral from underperform. ([email protected])
Editor: JFN
(END) Dow Jones Newswires
June 15, 2016 01:36 ET (05:36 GMT)
A2M Price at posting:
$1.69 Sentiment: None Disclosure: Held
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