A2M 0.30% $6.72 the a2 milk company limited

Quick recapGrowth strategy focused on China's infant milk...

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    Quick recap

    Growth strategy focused on China's infant milk formula market
    Full-year results show double-digit revenue and earnings growth
    China sales up 38%, record market share in China label IMFMarketing investment up 13% to $260m boosts
    China brand healthTotal IMF sales rise 8% despite market decline of 14%
    China IMF market decline due to fewer newborns and increased competition
    Revenue grows 10.1% to $1,592.9 million with varied regional sales
    EBITDA up 11.8% to $219.3 million
    NPAT up 26.2% to $144.8 million
    Earnings per share rise 28.7% to 21.2 cents
    Company expects growth in FY24 despite market challenges.
 
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