Synlait infant formula output relationship to A2 milk revenue, page-4

One assumption: say FY18 80% (a wild guess to start with) capacity went to A2. that is 28 MT. Due to non-approval, other customers cut their order by half (I should say to zero, because without China approval, sale will be close to nothing, given they are not popular brand in the supermarket, but be conservative, I say half.) Further, assume all the increase of 10 MT (from 35 to 45) goes to A2, so A2 IF sales will go from 28 MT in FY18 to 42 MT in FY19, that is 50%.

You may adjust figure to 70% or 90% to see the difference.

70% is 25 MT, other customers cut order by half, then it is 25 MT to 40 MT, this is 60% increase.

90% is 32 MT, then it is 32 MT to 43 MT, this is 34%.

Looks minimum IF growth is around 34%. This does not include price increase, increase sale of Chinese label, the "continuous growth trajectory" comment by the new CEO.