From nz report Outstanding growth in infant formula drives...

From nz report

Outstanding growth in infant formula drives record results for The a2 Milk Company
Full year forecast revised upward Overview - financial results for the 6 months ended 31 December 2015 (NZ$m)

Total revenue of $139.1 million, an increase of 86% over the prior corresponding period (pcp)

Substantial growth in sales of a2 Platinum® infant formula across Australia and New Zealand (ANZ) and China with total revenue of $73.9 million, up 340% on pcp. This compares with previously advised sales for the four months to 31 October 2015 of $38.0 million

Net profit after tax of $10.1 million, compared to $0.1 million in pcp

Group operating EBITDA of $18.7 million, representing a 472% 2increase on pcp. This result includes expensing establishment costs in the USA and UK markets of $8.1 million, record operating performance in ANZ and significant growth in China

Increased fresh milk performance in Australia with sales up 5% in AUD over the pcp

Accordingly, the full year forecast has been revised upward with Group revenue in the range of $335 million to $350 million and Group operating EBITDA forecast to be in the range of $45 million to $49 million


Good day ahead of us folks