News: New Zealand's a2 Milk posts 47% rise in annual profit

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    Aug 21 (Reuters) - New Zealand's a2 Milk (ATM) on Wednesday posted a 47% jump in annual profit, helped by higher demand for its infant formula and dairy products in China and market share gains in the United States.

    Net profit after tax for the year to June 30 was NZ$287.7 million ($184.56 million), compared with NZ$195.7 million last year. The figure was lower than a Morgans forecast of NZ$302.7 million. ($1 = 1.5588 New Zealand dollars)

 
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