A2 Milk (ASX: A2M) $6.49
A2M -8.59%: the milk products company struggled today after disappointing outlook comments at their 1H result. Revenue of $783m was in line with expectations while Net Profit After Tax (NPAT) was around 5% below consensus, coming in at $74m vs $77m expected. Asian revenue was strong, up 54%, despite the total Chinese market volume falling 11% on slowing birth rates. China label infant formula revenue climbed 43.5% in the half. Revenue from the US market jumped 61.8%, in contrast, the ANZ segment fell ~25%. The company maintained revenue guidance of low double-digit growth, in line with expectations, however, EBITDA margins are expected to remain flat, dropping down to a ~5% miss to consensus. Shares were trading near 18-month highs ahead of the result, so the slight miss triggered a more significant fall in the share price today.
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Last
$5.69 |
Change
0.055(0.98%) |
Mkt cap ! $4.130B |
Open | High | Low | Value | Volume |
$5.69 | $5.74 | $5.65 | $1.389M | 243.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 5699 | $5.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.69 | 10025 | 15 |
View Market Depth
No. | Vol. | Price($) |
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10 | 4443 | 5.680 |
21 | 18644 | 5.670 |
12 | 44276 | 5.660 |
9 | 18623 | 5.650 |
9 | 23737 | 5.640 |
Price($) | Vol. | No. |
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5.690 | 9965 | 14 |
5.700 | 14906 | 12 |
5.710 | 16505 | 14 |
5.720 | 27324 | 14 |
5.730 | 40706 | 12 |
Last trade - 11.02am 13/09/2024 (20 minute delay) ? |
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